KARACHI: The Pakistani rupee registered marginal gain against the US dollar in the inter-bank market on Monday.
At close, the local currency settled at 279.00 against the greenback.
On Friday, the local unit closed at 279.01.
Moreover, the safe-haven dollar advanced broadly in early Asian trade on Monday, as peace talks between the US and Iran broke down and the US Navy prepared a blockade of Iranian ports.
The euro was down 0.3 percent at USD1.1684, while the British pound fell 0.5 percent to USD1.3398. The risk-sensitive Australian dollar was 0.6 percent lower at USD0.7030, and the New Zealand dollar was off 0.4 percent at USD0.5816.
The US dollar index, which measures the greenback’s strength against a basket of six currencies, held steady at 99.056, near its highest level since April 7.
Against the ?yen, the US dollar was up 0.4 percent at 159.83 yen as yields on Japan’s benchmark 10-year government bonds jumped 5.5 basis points to 2.49 percent, the highest level in almost three decades.
Oil prices, a key indicator of currency parity, jumped back above USD102 a barrel on Monday as the US Navy prepared to block ships to and from Iran via the Strait of Hormuz in a move that could restrict Iranian oil exports after Washington and Tehran failed to reach a deal to end the war.
Brent crude futures gained USD7.32, or 7.7 percent, to USD102.52 a barrel by 1215 GMT after settling 0.75 percent down on Friday. US West Texas Intermediate was up USD7.65, or 7.9 percent, at USD104.22 after a 1.33 percent loss in the previous session.
Open-market movement
In the open market, the PKR gained 9 paise for buying and lost 5 paise for selling against USD, closing at 279.48 and 280.30, respectively.
Against Euro, the PKR gained 1.13 paise for buying and 1.04 paise for selling, closing at 326.30 and 329.44, respectively.
Against UAE Dirham, the PKR gained 6 paise for buying and lost 8 paise for selling, closing at 76.19 and 77.03, respectively.
Against Saudi Riyal, the PKR gained 12 paise for buying and lost 2 paise for selling, closing at 74.49 and 75.25, respectively.
LAHORE
The Pakistani rupee slightly declined against the US dollar while depicting firmness against the British pound in the local currency market on Monday.
Currency dealers stated the rupee recorded fresh gains against the greenback in early session, and the trend continued to persist in the intraday trading too. However later in the day, the trend turned downward and the local currency lost most of early gains. According to dealers, finally the rupee ended the day with a weaker note.
At the close, the buying and selling rates of the rupee settled at Rs 280.50 and Rs 282.50, respectively against the previous closing at Rs 280.25 and Rs 282.25, respectively.
The Pak rupee against the British pound remained almost firm with its buying and selling rates closing at Rs 374.50 and Rs 379.00 compared with Thursday’s value at Rs 374.00 an Rs 379.00, respectively.
Copyright Business Recorder, 2026