RECORDER REPORT
KARACHI: The Pakistani rupee appreciated against the US dollar in the inter-bank market on Friday.
At close, the local currency settled at 278.41, a gain of Re0.01 against the greenback.
On Thursday, the local unit closed at 278.42.
Globally, the US dollar is on track for a weekly gain as Gulf tensions fuel safe-haven flows.
US President Donald Trump’s efforts to halt fighting in the Middle East and forge peace with Tehran are facing fresh obstacles, after Hezbollah rejected a new ceasefire in Lebanon on Thursday, while Israel said it would not withdraw troops from ?the country.
Meanwhile, the euro stood at USD1.1612, up 0.02percent so far in Asia, and sterling was steady at USD1.34228. Both are heading for small weekly losses.
The risk-sensitive Australian dollar was down 0.1percent at USD0.71265, and the New Zealand dollar held flat at USD0.5867 with a 2percent weekly advance.
The dollar index, which measures the greenback against a basket of currencies including the yen and the euro, was little changed at 99.434, on track for a 0.5percent gain for the week.
Oil prices fell on Friday after Oman said operations at its Mina al Fahal port were proceeding normally, following a Reuters report of disruption after an explosion.
Petroleum Development Oman said operations at Mina al Fahal port were unaffected, after three sources told Reuters that oil loading had been suspended following an explosion near its mooring berths.
Brent crude futures were down 84 cents, or 0.9percent, at USD94.19 a barrel by 1318 GMT, after settling down 2.84percent ?in the previous session. U.S. West Texas Intermediate crude was at USD91.91 a barrel, down USD1.13, or 1.2percent, following a 3.1percent loss on Thursday.
Open-market movement
In the open market, the PKR gained 10 paise for buying and remained unchanged for selling against USD, closing at 278.45 and 279.47, respectively.
Against Euro, the PKR lost 22 paise for buying and gained 3 paise for selling, closing at 322.40 and 325.75, respectively.
Against UAE Dirham, the PKR remained unchanged for buying and gained 4 paise for selling, closing at 75.57 and 76.29, respectively.
Against Saudi Riyal, the PKR lost 1 paisa for buying and gained 4 paise for selling, closing at 73.83 and 74.50, respectively.
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Open Bid Rs 278.45
Open Offer Rs 279.47
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Interbank Closing Rates: Interbank Closing Rates For Dollar on Friday
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Open Bid Rs 278.41
Open Offer Rs 278.61
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RUPEE IN LAHORE: The Pakistani rupee was slightly down against the US dollar while it remained steady against the British pound in the local currency market on last business day of the week.
According to currency dealers, fresh interest was observed in the rupee after the open, as it showed positive signs against the US unit in early hours and intraday trading. Dealers said that later volatility prevailed and the value of the local currency moved up and down. During the last hours before the close, the local currency remained under pressure to finally finish the day with a weak note, dealers said.
At close of the market, the buying and selling rate of the rupee stayed at Rs 278.75 and Rs 280.25, respectively against Rs 278.50 and Rs 280.00, respectively of the preceding day.
Against the British pound, the Pakistani rupee’s buying rate closed at Rs 372.50 against yesterday’s Rs 372.00 while selling value was unchanged to the previous day’s rate at Rs 376.00.
Copyright Business Recorder, 2026
