RECORDER REPORT
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 280.01, a gain of Re0.01 against the greenback.
During the previous week, the Pakistan rupee posted a marginal gain for another week as it appreciated by Re0.09 or 0.03 percent against the US dollar in the inter-bank market. The local unit closed at 280.02, against 280.11 it had closed the week earlier against the greenback, according to the State Bank of Pakistan (SBP).
Internationally, the US dollar retreated from its strongest in a month early on Monday, as US prosecutors opened a criminal investigation into Federal Reserve Chair Jerome Powell, adding to tensions with the Trump administration.
The dollar index, which measures the greenback’s strength against a basket of six currencies, was last 0.3 percent lower at 98.899, snapping a five-day winning streak.
The dollar had advanced in early Asian trading after Friday’s jobs report bolstered expectations the Federal Reserve will hold interest rates later this month, while reports of hundreds of deaths during protests in Iran heightened geopolitical tensions and stoked demand for safe havens.
Financial markets are preparing for a busy data calendar this week, with Tuesday’s release of the US consumer price index for December providing one of the last key economic releases before the Federal Reserve’s next monetary policy meeting at the end of January.
Oil prices, a key indicator of currency parity, fell slightly on Monday after Iran said it had total control following the biggest anti-government demonstrations in years, easing some concerns over supply, while investors also weighed efforts to resume oil exports from Venezuela.
Brent crude futures lost 28 cents, or 0.44 percent, to percent 63.06 a barrel by 1402 GMT while U.S. West Texas Intermediate crude was at USD58.78 a barrel, down 34 cents, or 0.58 percent.
Both benchmarks rose more than 3 percent last week in their biggest such rise since October, as OPEC producer Iran’s clerical establishment stepped up its crackdown on the biggest demonstrations since 2022.
Open-market movement
In the open market, the PKR remained unchanged for both buying and selling against USD, closing at 280.40 and 281.05, respectively.
Against Euro, the PKR lost 34.00 paisa for buying and 25.00 paisa for selling, closing at 327.02 and 330.07, respectively.
Against UAE Dirham, the PKR remained unchanged for buying and lost 3.00 paisa for selling, closing at 76.49 and 77.25, respectively.
Against Saudi Riyal, the PKR gained 1.00 paisa for both buying and selling, closing at 74.81 and 75.39, respectively.
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Open Bid Rs 280.40
Open Offer Rs 281.05
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Interbank Closing Rates: Interbank Closing Rates For Dollar on Monday
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Open Bid Rs 280.01
Open Offer Rs 280.21
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RUPEE IN LAHORE: The Pakistani rupee slightly gained against the US dollar and the British pound in the local currency market, amid moderate trading activity on Monday.
According to currency dealers, in early session the rupee fared well against the USD, adding fresh gains to its worth, although activity remained moderate throughout the day. In the last session, the rupee traded under pressure losing most of early gains. At close, the buying rate of the rupee finished at Rs 280.50 against Rs 280.85 of the preceding business day. However, there was no change in the selling value which closed at Rs 281.05, unchanged from the previous trading session.
The local currency also rose in relation to the British pound on the buying side. The rupee’s buying rate settled at Rs 376.60 against Rs 376.80 and selling was little down closing at Rs 380.00 against Rs 379.50 of last Friday.
Copyright Business Recorder, 2026
