RECORDER REPORT
KARACHI: The Pakistani rupee appreciated 0.01 percent against the US dollar in the inter-bank market on Monday.
At close, the local currency settled at 278.47, a gain of Re0.03 against the greenback.
On Friday, the local unit closed at 278.50.
Pakistan’s headline inflation clocked in at 11.7 percent on a year-on-year (YoY) basis in May 2026, Pakistan Bureau of Statistics (PBS) data showed.
The consumer price index (CPI) was recorded at 10.9 percent in April 2026. The CPI stood at 3.5 percent in May 2025.
Pakistan aims for an economic growth rate to 4 percent in the upcoming fiscal year, up from an estimated 3.7 percent in FY26, even as the country manages crude price shock from the ongoing conflict in the Middle East and remains under the International Monetary Fund (IMF) programme.
The GDP growth projected is driven by stronger performance in the agriculture, industry, and services sectors, according to projections shared by Topline Research.
Meanwhile, the US dollar held steady on Monday after a weekly loss.
The dollar index of the greenback against a basket of currencies including the yen and the euro, was flat at 99.00, after last week’s drop of 0.4 percent. The euro fell 0.08 percent to USD1.165.
The yen weakened 0.08 PERCENT to 159.41 per dollar.
Sterling slipped 0.07 percent to USD1.3449.
Oil prices rose more than 3 percent on Monday after Iran and the US traded strikes and Israel ordered troops to move further into Lebanon in its battle with Hezbollah.
Brent futures were up USD2.68 or 3 percent at USD93.80 a barrel at 1121 GMT. U.S. crude futures rose USD3.03 or 3.5 percent to USD90.39 a barrel. Over May, Brent and WTI lost around 19 percent and 17 percent, respectively. It was both contracts’ biggest monthly fall in absolute terms since March 2020 when the coronavirus pandemic slashed energy demand.
The fighting in the Middle East, after Washington hosted Israel-Lebanon peace talks on Friday, dimmed hopes that the US and Iran could soon announce an extension to their ceasefire.
Open-market movement
In the open market, the PKR gained 9 paise for buying and 4 paise for selling against USD, closing at 278.64 and 279.52, respectively.
Against Euro, the PKR lost 31 paise for buying and 34 paise for selling, closing at 322.77 and 326.08, respectively.
Against UAE Dirham, the PKR gained 3 paise for buying and 4 paise for selling, closing at 75.65 and 76.48, respectively.
Against Saudi Riyal, the PKR remained unchanged for buying and gained 3 paise for selling, closing at 73.85 and 74.67, respectively.
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Open Bid Rs 278.64
Open Offer Rs 279.52
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Interbank Closing Rates: Interbank Closing Rates For Dollar on Monday
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Open Bid Rs 278.47
Open Offer Rs 278.67
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RUPEE IN LAHORE: The Pakistani rupee strengthened its value against the US dollar while losing ground versus the British pound in the local currency market on Monday.
According to currency dealers, the Pakistani rupee showed positive signs after the open, and the trend prevailed during the intraday trading as well. Later, pressure subdued the rupee, as a result of which, it pared most of early gains. However, last minutes interest helped the rupee recovery to finally end the day with a positive note, dealers stated.
At the close of the trading, the buying and selling rates of the rupee settled at Rs 278.00 and 279.55, respectively against previous closing at Rs 278.50 and Rs 279.55, respectively.
Moreover, against the British pound the Pakistani rupee’s buying and selling rates closed at Rs 373.20 and Rs 377.00, respectively against Rs 372.75 and Rs 376.50, respectively of the preceding day.
Copyright Business Recorder, 2026
