RECORDER REPORT
KARACHI: The Pakistani rupee posted marginal gain, appreciating 0.01 percent, against the US dollar in the inter-bank market on Friday.
At close, the local currency settled at 278.52, a gain of Rs0.03 against the greenback.
On Thursday, the local unit closed at 278.55.
The dollar held near a six-week top on Friday, after a volatile overnight session on conflicting signals over a US-Iran peace deal, though investors latched on to hopes of some progress.
The dollar was a touch higher and stood at 99.24 against a basket of currencies, not far from its peak of 99.515 hit in the previous session, its highest since April 7.
The euro dipped 0.03 percent to USD1.1613, while the pound was flat at USD1.3431. Sterling was set to gain 0.8 percent for the week, having fallen more than 2 percent last week due to political turmoil in Britain.
The dollar found additional support from data which showed U.S. weekly jobless claims fell last week while manufacturing activity rose to a four-year high in May, underscoring resilience in the world’s largest economy.
Were coming to the end of week 12, were six weeks in the ceasefire, and Im just not really that convinced were any closer to a resolution between the U.S. and Iran, Tony Sycamore, a market analyst at IG, said of the Middle East war.
Moreover, oil prices climbed on Friday but were on track for a weekly loss.
Brent crude futures rose USD1.66, or 1.6 percent, to USD104.24 a barrel by 0405 GMT, while US West Texas Intermediate futures were up USD1.11, or 1.2 percent, at USD97.46.
On a weekly basis, Brent was 4.6% lower and WTI was down 7.6 percent, with prices fluctuating sharply as expectations for a peace deal shifted.
Open-market movement
In the open market, the PKR gained 5 paise for buying and 7 paise for selling against USD, closing at 278.83 and 279.56, respectively.
Against Euro, the PKR gained 38 paise for buying and 15 paise for selling, closing at 322.50 and 325.97, respectively.
Against UAE Dirham, the PKR gained 5 paise for buying and 3 paise for selling, closing at 75.73 and 76.57, respectively.
Against Saudi Riyal, the PKR gained 1 paisa for both buying and selling, closing at 73.95 and 74.76, respectively.
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Open Bid Rs 278.83
Open Offer Rs 279.56
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Interbank Closing Rates: Interbank Closing Rates For Dollar on Friday
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Open Bid Rs 278.52
Open Offer Rs 278.72
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RUPEE IN LAHORE: The Pakistani rupee continued to stay firmer for the 4th consecutive day against the US dollar while ending mixed against the British pound in the local currency market on Friday.
According to currency dealers, the rupee opened with a positive note, and gained strength versus the US dollar in later hours, particularly in intraday trading. Dealers said that during the last session, it turned volatile and moved up and downwards subsequently. However, it recovered in second half of the session to finally finish with a stable note, dealers pointed out.
At the close of the market, the buying and selling values of the rupee settled at Rs 278.00 and Rs 280.00, unchanged from the previous day.
Meanwhile, the buying rate of the rupee, against the British pound, closed at Rs 371.50 against Rs 373.20 of Thursday while selling value remained intact to its previous level at Rs 376.00.
Copyright Business Recorder, 2026
