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.
Moreover, oil prices fell on Friday, extending losses from the previous session.
Brent futures fell $1.21 or 1.3% to $89.17 a barrel at 0042 GMT, while US West Texas Intermediate (WTI) crude was $1.23, or 1.4%, lower at $86.48.
On a weekly basis, Brent was 4.2% lower, while WTI was down 4.4%.
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