Rupee's Performance Against US Dollar Since 04 March 2025
The Pakistani rupee posted marginal gain against the US dollar in the inter-bank market on Tuesday.
At close, the local currency settled at 278.30, a gain of Re0.01 against the greenback.
On Monday, the local unit closed at 278.31.
Meanwhile, the US dollar held near 10-day lows on Tuesday.
The euro was at $1.159, just below the 10-day high of $1.1622 it touched on Monday.
Sterling last bought $1.3413 in early trade on Tuesday.
The dollar index, which measures the US currency against six other units, was at 99.66.
The index is up 2% since the conflict first erupted at the end of February in a volatile reaction to a fragile ceasefire and regular tit-for-tat attacks.
Oil prices fell about 4% to a fresh three-month low on Tuesday on hopes the U.S. and Iran will agree to end the war and allow oil to flow through the Strait of Hormuz.
Brent crude futures fell $3.29, or 4%, to $79.88 a barrel at 10:48 am. ET (1448 GMT), while U.S. West Texas Intermediate crude fell $3.82, or 4.7%, to $76.93.
Inter-bank market rates for dollar on Tuesday
BID Rs 278.30
OFFER Rs 278.50
Open-market movement
In the open market, the PKR gained 3 paise for buying and 15 paise for selling against USD, closing at 278.72 and 279.60, respectively.
Against Euro, the PKR gained 30 paise for buying and 39 paise for selling, closing at 323.13 and 326.35, respectively.
Against UAE Dirham, the PKR lost 1 paisa for buying and gained 3 paise for selling, closing at 75.95 and 76.56, respectively.
Against Saudi Riyal, the PKR gained 3 paise for buying and remained unchanged for selling, closing at 74.24 and 74.83, respectively.
Open-market rates for dollar on Tuesday
BID Rs 278.72
OFFER Rs 279.60
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