RECORDER REPORT
KARACHI: The Pakistani rupee registered marginal gain against the US dollar, appreciating 0.01 percent in the inter-bank market on Tuesday.
At close, the local currency settled at 279.52, a gain of Rs 0.03 against the greenback.
On Monday, the local currency closed at 279.55 against the dollar, according to the State Bank of Pakistan (SBP).
Meanwhile, the yen weakened on Tuesday as markets weighed the fallout on global trade from renewed turbulence over US President Donald Trump’s tariff regime.
The dollar index, which measures the greenback against a basket of currencies, rallied 0.2 percent to 97.90.
The euro slid 0.14 percent at USD1.1768, while the yen sank 0.4 percent to 155.27 per dollar.
Sterling fell 0.08 percent to USD1.3478.
The greenback clawed back losses as China and Japan reopened following holidays, and Trump warned countries against retreating from recent trade deals after the Supreme Court struck down his emergency tariffs.
The yen dipped after China announced export controls on Japanese companies in a further sign of souring relations.
Moreover, oil prices were little changed near a seven-month high on Tuesday as traders waited for news from nuclear talks between the US and Iran.
Brent futures fell 25 cents, or 0.4 percent, to USD71.24 a barrel at 10:41 a.m. EST (1541 GMT), while US West Texas Intermediate crude fell 25 cents, or 0.4 percent, to USD66.06.
Open-market movement
In the open market, the PKR gained 5 paise for buying and selling against USD, closing at 279.98 and 280.57, respectively.
Against Euro, the PKR gained 1.11 rupee for buying and 97 paise for selling, closing at 329.37 and 332.35, respectively.
Against UAE Dirham, the PKR gained 2 paise for buying and lost 1 paisa for selling, closing at 76.41 and 77.17, respectively.
Against Saudi Riyal, the PKR lost 1 paisa for buying and 2 paise for selling, closing at 74.75 and 75.37, respectively.
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Open Bid Rs 279.98
Open Offer Rs 280.57
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Interbank Closing Rates: Interbank Closing Rates For Dollar on Tuesday
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Open Bid Rs 279.52
Open Offer Rs 279.72
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RUPEE IN LAHORE: The Pakistani rupee showed relative firmness against the US dollar and strengthened against the British pound in the local currency market on Tuesday.
Currency dealers stated that the rupee showed signs of improvement in the early session after the opening, and the trend persisted during intraday trading with moderate activity.
However, in subsequent hours—particularly in the second half of the session activity slowed down. At the close of the market, the buying rate of the rupee ended slightly higher, while the selling rate remained unchanged.
Dealers reported that the rupee’s buying rate closed at Rs 279.50 compared to Rs 279.80 the previous day, while the selling rate remained stable at Rs 280.60, unchanged from yesterday.
Meanwhile, the rupee improved against the British pound, with its buying and selling rates closing at Rs 377.00 and Rs 380.50, respectively, compared with the preceding day’s values of Rs 377.20 and Rs 381.50, respectively.
Copyright Business Recorder, 2026
