RECORDER REPORT
KARACHI: The Pakistani rupee appreciated against the US dollar in the inter-bank market on Monday.
At close, the local currency settled at 278.40, a gain of Re0.01 against the greenback.
On Friday, the local unit closed at 278.41.
Meanwhile, the US dollar was perched near a two-month high on Monday after a blowout US jobs report sent traders ramping up bets on a Federal Reserve rate hike this year, while the yen teetered further into the intervention zone.
Moves in currencies were largely muted compared to the broader market, where a rout in technology stocks swept across Asia. The dollar held to its strong gains made in the wake of the report that showed nonfarm payrolls increased by 172,000 jobs last month, far exceeding estimates.
Against the US dollar, the euro fell to a two-month low of USD1.1507, while sterling struggled at a three-week trough of USD1.33165.
The Australian and New Zealand dollars similarly slid to their lowest in two months at USD0.7016 and USD0.5779, respectively.
Oil prices pared gains on Monday, after rising more than 5 percent earlier in ?the session, following an announcement from Iran’s military that a wave of attacks on Israel was over.
However, Iran warned of harsher attacks if Israel continues strikes on Lebanon.
Brent crude futures were up USD1.43, or 1.5 percent at USD94.52 a barrel as of 1304 GMT, while U.S. West Texas Intermediate crude futures were up USD1.03, or 1. percent, at USD91.57.
Open-market movement
In the open market, the PKR lost 10 paise for buying and remained unchanged for selling against USD, closing at 278.55 and 279.47, respectively.
Against Euro, the PKR gained 2.33 rupees for buying and 1.93 rupee for selling, closing at 320.07 and 323.82, respectively.
Against UAE Dirham, the PKR lost 6 paise for buying and 8 paise for selling, closing at 75.63 and 76.37, respectively.
Against Saudi Riyal, the PKR lost 10 paise for both buying and selling, closing at 73.93 and 74.60, respectively.
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Open Bid Rs 278.55
Open Offer Rs 279.47
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Interbank Closing Rates: Interbank Closing Rates For Dollar on Monday
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Open Bid Rs 278.40
Open Offer Rs 278.60
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RUPEE IN LAHORE: The Pakistani rupee slightly weakened against the US dollar while turning mixed against the British pound in the local currency market on first business day of the week.
According to currency dealers, the rupee opened on a positive note with renewed interest, which strengthened it against the greenback. However, the trend proved short-lived and the rupee turned volatile during intraday trading, dealers reported. During the last session, fresh interest again generated helping the rupee to recover most of early losses.
At close of the market, the buying and selling rate of the rupee stayed at Rs 279.00 and Rs 281.00, respectively against Rs 278.75 and Rs 280.25, respectively of the previous session.
Against the British pound, the Pakistani rupee’s buying rate ended at Rs 370.00 and Rs 375.00, respectively compared to previous day’s Rs 372.50 and Rs 376.00, respectively.
Copyright Business Recorder, 2026
