RECORDER REPORT
KARACHI: The Pakistani rupee gained against the US dollar in the inter-bank market on Thursday.
At close, the local currency settled at 278.35 , a gain of Re0.01 against the greenback.
On Wednesday, the local unit closed at 278.36.
Meanwhile, the US dollar wobbled on Thursday as new US strikes in the Middle East undermined sentiment, while a surge in May US consumer inflation to a three-year high kept investors uneasy about the Federal Reserve’s monetary policy outlook.
The euro bought USD1.1553, inching away from the 10-week low it hit last week, but has given up most of its gains since a ceasefire was struck in early April. The spotlight will be on the European Central Bank policy meeting later in the day as it looks poised to raise rates to tackle inflation.
Sterling was at USD1.33905. The dollar index , which measures the US currency against six major peers, eased to 99.903 after US military said it has completed strikes against multiple targets in Iran.
Oil prices were nearly flat on Thursday as investors weighed the impact of supply disruptions from the war in the Middle East after President Donald Trump warned that the US military would hit Iran “very hard tonight”.
Hostilities between the US and Iran have recently escalated. Trump said the US will soon take control of Iran’s oil and gas infrastructure and markets while Washington launched additional strikes against the country. Meanwhile, Tehran declared the Strait of Hormuz closed.
Brent futures were down 12 cents, or 0.1percent, to USD92.98 a barrel by 1303 GMT, while US West Texas Intermediate (WTI) crude gained 7 cents, or 0.1percent, to USD90.10.
Open-market movement
In the open market, the PKR lost 6 paise for buying and 8 paise for selling against USD, closing at 278.67 and 279.57, respectively.
Against Euro, the PKR lost 2 paise for buying and 19 paise for selling, closing at 321.39 and 324.77, respectively.
Against UAE Dirham, the PKR lost 3 paise for buying and 5 paise for selling, closing at 75.80 and 76.49, respectively.
Against Saudi Riyal, the PKR lost 7 paise for buying and 8 paise for selling, closing at 74.14 and 74.76, respectively.
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Open Bid Rs 278.67
Open Offer Rs 279.57
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Interbank Closing Rates: Interbank Closing Rates For Dollar on Thursday
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Open Bid Rs 278.35
Open Offer Rs 278.55
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RUPEE IN LAHORE: The Pakistani rupee weakened against the US dollar while gaining strength versus the British pound in the local currency market on Thursday.
Currency dealers said the rupee showed weak signs after the open while there was hardly any change in the trade pattern during the midday. In subsequent hours, activity remained volatile amid dull activity, traders said. According to dealers the rupee was trading in the negative zone when the market closed.
At the close, buying and selling rates of the rupee stood at Rs 279.75 and Rs 281.50, respectively against Wednesday’s value of Rs 279.20 and Rs 281.00, respectively.
The buying and selling rates of the rupee, against the British unit, closed at Rs 371.50 and Rs 376.00, respectively as compared to preceding day’s value of Rs 373.50 and Rs 376.50, respectively.
Copyright Business Recorder, 2026
