Rupee's Performance Against US Dollar Since 04 March 2025
The Pakistani rupee gained, appreciating 0.01%, against the US dollar in the inter-bank market on Friday.
At close, the local currency settled at 278.32, a gain of Rs0.03 against the greenback.
On Thursday, the local unit closed at 278.35.
Meanwhile, the dollar found its footing in early trading on Friday, after sliding to its weakest in a week as traders parsed reports that a ceasefire deal in the Middle East could be imminent.
Against the yen, the US currency was up 0.1% at 160.07 yen.
The Australian dollar was down 0.1% at $0.7045, while its kiwi counterpart was down 0.1% at $0.5830.
The euro last bought $1.1576, holding near its strongest in a week after the European Central Bank’s first interest rate hike in three years on Thursday.
The British pound was flat at $1.3414.
Oil prices fell nearly 3% on Friday to their lowest in nearly two months after US President Donald Trump cancelled new strikes on Iran, reducing fears of an escalation of hostilities following tit-for-tat attacks earlier in the week.
Brent futures were down $2.27, or 2.5%, at $88.11 a barrel by 1322 GMT, while US West Texas Intermediate (WTI) crude dropped $2.47, or 2.8%, to $85.24. Both contracts were at their lowest since April 17.
Inter-bank market rates for dollar on Friday
BID Rs 278.32
OFFER Rs 278.52
Open-market movement
In the open market, the PKR remained unchanged for buying and gained 2 paise for selling against USD, closing at 278.67 and 279.55, respectively.
Against Euro, the PKR lost 1.04 rupee for buying and 86 paise for selling, closing at 322.43 and 325.63, respectively.
Against UAE Dirham, the PKR lost 7 paise for buying and 4 paise for selling, closing at 75.87 and 76.53, respectively.
Against Saudi Riyal, the PKR lost 4 paise for both buying and selling, closing at 74.18 and 74.80, respectively.
Open-market rates for dollar on Friday
BID Rs 278.67
OFFER Rs 279.55
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