Rupee's Performance Against US Dollar Since 04 March 2025
The Pakistani rupee appreciated against the US dollar in the inter-bank market on Friday.
At close, the local currency settled at 278.41, a gain of Re0.01 against the greenback.
On Thursday, the local unit closed at 278.42.
Globally, the US dollar is on track for a weekly gain as Gulf tensions fuel safe-haven flows.
US President Donald Trump’s efforts to halt fighting in the Middle East and forge peace with Tehran are facing fresh obstacles, after the Iran-backed Hezbollah militia rejected a new ceasefire in Lebanon on Thursday, while Israel said it would not withdraw troops from the country.
Meanwhile, the euro stood at $1.1612, up 0.02% so far in Asia, and sterling was steady at $1.34228. Both are heading for small weekly losses.
The risk-sensitive Australian dollar was down 0.1% at $0.71265, and the New Zealand dollar held flat at $0.5867 with a 2% weekly advance.
The dollar index, which measures the greenback against a basket of currencies including the yen and the euro, was little changed at 99.434, on track for a 0.5% gain for the week.
Moreover, oil prices were little changed on Friday following sharp declines in the previous session.
Brent crude futures fell 21 cents, or 0.22%, to $95.24 a barrel by 0003 GMT after settling down 2.84% in the previous session.
US West Texas Intermediate crude was at $92.94 a barrel, down 10 cents, or 0.11%, following a 3.1% loss on Thursday.
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