RECORDER REPORT
KARACHI: The Pakistani rupee registered marginal gain against the US dollar in the inter-bank market on Friday.
At close, the local currency settled at 279.31, a gain of Re0.01 against the greenback.
On Thursday, the local unit closed at 279.32.
Globally, the dollar held gains on Friday and was set for its second weekly gain since the beginning of the war in Iran as turmoil in markets left it the last safe-haven standing.
The euro traded near its weakest since November, while the yen was at levels that put traders on guard for possible intervention by authorities in Japan.
The dollar index, which measures the greenback against a basket of currencies, reached the highest level since November, thanks in part to its safe-haven appeal, but also because the United States is a net energy exporter.
The index fell 0.04 percent to 99.63 in early trading in Asia, poised for a 0.8 percent gain this week.
The euro was up 0.13 percent at USD1.1525.
The yen strengthened 0.17 percent to 159.08 per dollar after touching 159.43 on Thursday, the weakest since January 14. Sterling was up 0.11 percent to USD1.3356.
Furthermore, oil prices headed for weekly gains as of Friday, despite the US trying to ease supply concerns by issuing a 30-day license for countries to buy Russian oil and petroleum products stranded at sea.
Brent futures for May rose 10 cents, or 0.1 percent, to USD100.56 a barrel by 0400 GMT, heading for about a 9 percent weekly increase.
US West Texas Intermediate (WTI) crude for April was down 16 cents, or 0.2 percent, at USD95.57 a barrel, though also poised for a 7 percent uptick for the week.
Open-market movement
In the open market, the PKR lost 2 paise for buying and gained 1 paisa for selling against USD, closing at 279.53 and 280.36, respectively.
Against Euro, the PKR gained 1.08 rupee for buying and 1.27 rupee for selling, closing at 320.69 and 324.34, respectively.
Against UAE Dirham, the PKR lost 2 paise for buying and gained 4 paise for selling, closing at 75.79 and 76.74, respectively.
Against Saudi Riyal, the PKR lost 5 paise for buying and gained 9 paise for selling, closing at 73.92 and 74.83, respectively.
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Open Bid Rs 279.53
Open Offer Rs 280.36
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Interbank Closing Rates: Interbank Closing Rates For Dollar on Friday
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Open Bid Rs 279.31
Open Offer Rs 279.51
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RUPEE IN LAHORE: The Pakistani rupee retreated against the US dollar while remaining almost firm against the British pound in the local currency market on last business day of the week.
Currency dealers said the rupee opened with an optimistic note, raising traders’ hopes for a better day for the business point of view. However, they added, in intraday trading pressure changed the direction of the market. In subsequent hours, they witnessed a volatile movement that forced the rupee to finish the day with a weaker note, dealers reported.
According to dealers, the rupee’s buying and selling rates closed at Rs 279.35 and Rs 281.00, respectively compared with previous day’ Rs 278.00 and Rs 280.35, respectively.
The local currency, against the British pound, remained more or less steady with its final buying rate closing at Rs 371.50 in comparison to Thursday’s value of Rs 369.70. The selling rate of the rupee remained intact to its previous level at Rs 376.00.
Copyright Business Recorder, 2026
