RECORDER REPORT
KARACHI: The Pakistani rupee strengthened against the US dollar, appreciating 0.01% in the inter-bank market on Tuesday.
At close, the local currency settled at 280.47, a gain of Re0.04 against the greenback.
On Monday, the local unit closed at 280.51.
Pakistan’s trade deficit significantly increased by nearly 33 percent to USD2.86 billion in November 2025, as compared to the same month of the previous year, data released by the Pakistan Bureau of Statistics (PBS) showed.
The country’s trade balance, the gap between exports and imports, was recorded at a deficit of $2.15 billion in November 2024.
Pakistan’s trade deficit significantly increased by nearly 33 percent to USD2.86 billion in November 2025, as compared to the same month of the previous year, data released by the Pakistan Bureau of Statistics (PBS) showed.
The country’s trade balance, the gap between exports and imports, was recorded at a deficit of USD2.15 billion in November 2024.
Internationally, the US dollar remained under pressure on Tuesday as weaker-than-expected manufacturing activity data from the world’s biggest economy heaped pressure on the Federal Reserve to cut interest rates at its policy meeting later this month.
The US dollar index, which measures the greenback’s strength against a basket of six major peers, edged lower to 99.408 at the start of the Asian trading session after falling for a seventh consecutive session to hit a two-week low during US trading hours on Monday as stocks and bonds pulled back.
Data released on Monday showed US manufacturing contracted for the ninth straight month in November, as the Institute for Supply Management’s manufacturing PMI dropped to 48.2 in November from 48.7 a month earlier.
Gauges of new orders and employment also deteriorated, while input prices rose as the drag from import tariffs persisted.
Fed funds futures are pricing in an implied 88 percent probability of a 25-basis-point cut at the US central bank’s next meeting on December 10, compared to a 63 percent chance a month ago, according to the CME Group’s FedWatch tool.
Oil prices, a key indicator of currency parity, held firm on Tuesday as traders weighed up risks from Ukrainian drone strikes on Russian energy sites and mounting US-Venezuela tensions.
Brent crude futures fell 12 cents, or 0.2 percent, to USD63.05 a barrel by 1301 GMT. US West Texas Intermediate crude was down 7 cents, or 0.1 percent, to stand at $59.25 a barrel.
Open-market movement
In the open market, the PKR gained 8 paise for buying and 5 paise for selling against USD, closing at 281.07 and 281.50, respectively.
Against Euro, the PKR lost 7 paise for buying and gained 12 paise for selling, closing at 325.70 and 328.62, respectively.
Against UAE Dirham, the PKR gained 1 paisa for buying and lost 5 paise for selling, closing at 76.60 and 77.41, respectively.
Against Saudi Riyal, the PKR gained 5 paise for buying and 2 paise for selling, closing at 74.85 and 75.50, respectively.
========================
Open Bid Rs 281.07
Open Offer Rs 281.50
========================
Interbank Closing Rates: Interbank Closing Rates For Dollar on Tuesday
========================
Open Bid Rs 280.47
Open Offer Rs 280.67
========================
RUPEE IN LAHORE: The Pakistani rupee stayed steady against the US dollar and slightly weakened against the British pound in the local currency market on Tuesday.
According to currency dealers, the rupee opened firm and recorded modest intraday gains against the greenback before turning volatile later in the session. It ultimately closed steady to its previous day’s level of Rs 281.30 for buying while its selling value marginally improved closing at Rs 281.50 against Rs 281.55.
The rupee, against the British pound, depicted weakness in its buying rate closing at Rs 370.30 versus previous day’s Rs 370.10, and selling rates settled flat at Rs 370.30 against the same value of the previous closing session.
Copyright Business Recorder, 2025
