Rupee inches up against US dollar
- Settles at 277.77 against greenback
The Pakistani Rupee marginally appreciated against the US Dollar, closing at 277.77, amidst a 9.2% inflation rate in July 2026.
- Pakistani Rupee's marginal gains against the US dollar.
- Pakistan's 9.2% inflation rate in July 2026.
- Global currency and oil market fluctuations.
The Pakistani rupee extended its marginal gains, appreciating 0.01% against the US dollar on Monday.
The local unit closed the day at 277.77, a gain of Re0.03 against the greenback.
On Friday, the Pakistani rupee settled at 277.80 against the dollar.
Pakistan’s headline inflation clocked in at 9.2% on a year-on-year (YoY) basis in July 2026, as shown by Pakistan Bureau of Statistics (PBS) data on Monday. The consumer price index (CPI) was recorded at 11.1% in June. The CPI stood at 4.1% in July 2025.
Meanwhile, the latest bouts of yen-buying hammered the dollar, with the euro rising to a 1-1/2-month high of $1.1559 early in Asia on Monday, while sterling hovered near a two-week top at $1.3476.
The dollar index was little changed at 99.71, having slid more than 1.5% last week.
In other currencies, the Australian dollar was up 0.18% at $0.7033, while the New Zealand dollar edged 0.05% higher to $0.5893.
Oil prices fell more than $5 a barrel on Monday after US President Donald Trump held off on a fresh attack on Iran in the hope of sealing a quick deal, although Tehran said no talks were planned.
Brent crude futures were down $4.49, or 5.11%, to $83.44 at 1315 GMT, having retraced some losses from a three-week low hit earlier in the session. U.S. West Texas Intermediate crude was at $79.28 a barrel, down $5.39, or 6.37%. Both benchmarks marked their biggest daily falls in absolute and percentage terms since last Monday.
Inter-bank market rates for dollar on Monday
BID Rs 277.77
OFFER Rs 277.97
Open-market movement
In the open market, the PKR gained 25 paise for buying and 32 paise for selling against USD, closing at 278.68 and 279.53, respectively.
Against Euro, the PKR gained 29 paise for buying and 25 paise for selling, closing at 321.34 and 324.58, respectively.
Against UAE Dirham, the PKR gained 14 paise for buying and 10 paise for selling, closing at 76.13 and 76.81, respectively.
Against Saudi Riyal, the PKR gained 20 paise for buying and 17 paise for selling, closing at 74.36 and 75.01, respectively.
Open-market rates for dollar on Monday
BID Rs 278.68
OFFER Rs 279.53
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