Markets

Rupee registers gain against US dollar

  • Settles at 278.30
Published June 16, 2026 Updated June 16, 2026 04:10pm

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.

Moreover, Oil prices rebounded on Tuesday.

Brent crude futures gained 26 cents, or 0.3%, to $83.42 a barrel and U.S. West Texas Intermediate rose to $81.12 a barrel, up 46 cents, or 0.3%, as of 0108 GMT.