KARACHI: The Pakistani rupee extended its marginal gain against the US dollar for another week, appreciating 0.03 percent in the inter-bank market. The local unit closed at 276.66 against the greenback, a gain of Re0.09 from 276.75 it had closed at a week earlier, according to State Bank of Pakistan (SBP) data.
Pakistan’s headline inflation clocked in at 9.6 percent on a year-on-year (YoY) basis in October 2026, down from 10.3 percent recorded in September, as shown by Pakistan Bureau of Statistics. The consumer price index (CPI) was recorded at 6.2 percent in October 2025.
The country’s trade deficit increased by nearly 20 percent to USD3.88 billion in October 2026, as compared to the same month of the previous year. The trade balance, gap between exports and imports, was recorded at a deficit of USD3.24 billion in October 2025.
Foreign exchange reserves held by the SBP increased by USD39 million to USD21.56 billion during the week ended October 30, 2026. The country’s total liquid foreign reserves stood at USD26.86 billion, including USD5.30 billion held by commercial banks.
Open-market rates
In the open market, the PKR gained 16 paise for buying and 15 paise for selling against USD, closing at 277.31 and 278.47, respectively.
Against Euro, the PKR gained 47 paise for buying and 26 paise for selling, closing at 309.63 and 312.77, respectively.
Against UAE Dirham, the PKR gained 7 paise for buying and 4 paise for selling, closing at 75.54 and 76.13, respectively.
Against Saudi Riyal, the PKR gained 12 paise for buying and 8 paise for selling, closing at 73.85 and 74.40, respectively.
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THE RUPEE
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Weekly Interbank market rates for dollar
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Bid Close Rs. 276.66
Offer Close Rs. 276.86
Bid Open Rs. 276.75
Offer Open Rs. 276.95
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Weekly Open market rates for dollar
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Bid Close Rs. 277.31
Offer Close Rs. 278.47
Bid Open Rs. 277.47
Offer Open Rs. 278.62
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Copyright Business Recorder, 2026