RECORDER REPORT
KARACHI: The Pakistani rupee posted marginal gain against the US dollar in the inter-bank market on Wednesday.
At close, the local currency settled at 279.26, up by Re0.01 against the greenback.
On Tuesday, the local unit closed at 279.27.
On Tuesday, the local unit closed at 279.27.
Globally, the US dollar took a breather on Wednesday as easing crude oil prices sparked a glimmer of risk appetite in the markets ahead of a slate of key central bank decisions.
The dollar index, which measures the greenback against a basket of currencies, edged up 0.06% to 99.61 after a two-day decline. The euro was down 0.05% at $1.1532.
The yen weakened 0.01% against the greenback to 159.00 per dollar. Sterling held steady at $1.3355.
The dollar reached a 10-month high at the end of last week as the Middle East conflict and rising oil prices prompted investors to seek safety in U.S. assets.
Moreover, Brent crude prices rose more than 4% on Wednesday after Iran’s Revolutionary Guards threatened several energy facilities across Saudi Arabia, UAE, and Qatar in retaliation for an attack on its energy sites, heightening the risk of further disruptions to energy supplies in the region.
Brent futures were up $4.53, or 4.4%, at $107.95 a barrel by 1321 GMT on Wednesday, having risen to as high as $108.60 earlier in the session.
U.S. West Texas Intermediate crude gained $1.91, or ?2%, to $98.12.
Open-market movement
In the open market, the PKR lost 3 paise for buying and gained 1 paisa for selling against USD, closing at 279.41 and 280.32, respectively.
Against Euro, the PKR lost 1.21 rupee for buying and 1.13 rupee for selling, closing at 321.10 and 324.80, respectively.
Against UAE Dirham, the PKR lost 7 paise for buying and gained 3 paise for selling, closing at 75.82 and 76.75, respectively.
Against Saudi Riyal, the PKR lost 1 paisa for buying and gained 2 paise for selling, closing at 73.86 and 74.82, respectively.
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Open Bid Rs 279.41
Open Offer Rs 280.32
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Interbank Closing Rates: Interbank Closing Rates For Dollar on Wednesday
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Open Bid Rs 279.25
Open Offer Rs 279.45
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RUPEE IN LAHORE: The Pakistani rupee maintained firmness for the third consecutive day against the US dollar, while showing a mixed trend against the British pound in the local currency market on Wednesday.
According to currency dealers, the rupee showed positive signs when the market opened but soon started showing a volatile movement. The trend also continued in the intraday trading while there was also hardly any change in the trade pattern later in the day, as traders avoided taking fresh positions ahead of Eid holidays, dealers stated.
Some interest was witnessed during the last session that helped the local currency to end the day with a steady note, they added.
Dealers said, at the close of the session, the rupee’s buying and selling rates finished at 279.50 and Rs 280.80, respectively compared with previous closing at Rs 279.50 and Rs 281.00, respectively.
The local currency, however, turned mixed with a fractional movement in its buying and selling rates, closing at Rs 369.00 and Rs 375.00, respectively against previous day’s value at Rs 368.50 and Rs 373.00.
Copyright Business Recorder, 2026
