RECORDER REPORT
KARACHI: The Pakistani rupee gained against the US dollar in the inter-bank market on Wednesday.
At close, the local currency settled at 278.36, a gain of Re0.01 against the greenback.
On Tuesday, the local unit closed at 278.37.
Meanwhile, the dollar held steady against major peers on Wednesday after the United States launched strikes against Iran, while investors awaited key US inflation data for clues on the Federal Reserve’s policy path.
The dollar index, which measures the greenback against a basket of currencies including the yen and the euro, edged up 0.01 percent to 100.02.
The euro was down 0.05 percent at USD1.1537 while sterling lost 0.04 percent to USD1.337.
Additionally, oil prices rose on Wednesday after US President Donald Trump scolded Iran in a Truth Social post following tit-for-tat strikes between the US and Iran overnight.
Brent futures were up USD1.32, or 1.44 percent, at USD92.77 a barrel by 1220 GMT, while US West Texas Intermediate crude was up USD1.57, or 1.78 percent, at USD89.77 a barrel.
Open-market movement
In the open market, the PKR lost 9 paise for buying and 8 paise for selling against USD, closing at 278.61 and 279.49, respectively.
Against Euro, the PKR lost 32 paise for buying and 5 paise for selling, closing at 321.37 and 324.58, respectively.
Against UAE Dirham, the PKR lost 8 paise for buying and 3 paise for selling, closing at 75.77 and 76.44, respectively.
Against Saudi Riyal, the PKR lost 7 paise for buying and 6 paise for selling, closing at 74.07 and 74.68, respectively.
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Open Bid Rs 278.61
Open Offer Rs 279.49
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Interbank Closing Rates: Interbank Closing Rates For Dollar on Wednesday
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Open Bid Rs 278.36
Open Offer Rs 278.56
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RUPEE IN LAHORE: The Pakistani rupee remained stable for the third consecutive day against the US dollar while losing strength slightly against the British pound in the local currency market on Wednesday.
Currency dealers said the rupee opened with a positive note against the US dollar and the trend also continued during the midday. According to dealers, in the last session volatility prevailed, which subdued activity, dealers stated. However, they added that despite loss of early gains, the rupee ended with a stable note.
At close of the trading, the buying rate of the rupee finished at Rs 279.20 compared with Tuesday’s value of Rs 279.30 while selling value was unchanged at Rs 281.00.
The buying and selling rates of the rupee, against the British unit, closed at Rs 373.50 and Rs 376.50, respectively compared with preceding day’s value at Rs 372.30 and Rs 376.00, respectively.
Copyright Business Recorder, 2026
