RECORDER REPORT
KARACHI: The Pakistani rupee posted marginal gain against the US dollar in the inter-bank market on Thursday.
At close, the local currency settled at 278.15, a gain of Re0.01 against the greenback.
On Tuesday, the local unit closed at 278.16.
Meanwhile, the US dollar held steady on Thursday as markets awaited key US non-farm payrolls data, while the yen’s slide to 40-year lows against the greenback and thin trading ahead of a US holiday kept traders on high alert for intervention.
The dollar index, which measures the greenback against a basket of currencies including the yen and the euro, eased 0.02% to 101.38.
Thursday’s data is expected to show US employers added 110,000 jobs in June, with the unemployment rate holding steady at 4.3%, according to the median estimate of economists polled by Reuters.
Oil prices fell nearly 2% for the third consecutive day on Thursday as concerns over supply disruptions eased after Qatar said Iran and the US had made progress in talks over the Strait of Hormuz.
Brent futures were $1.24 or 1.73% lower at $70.33 a barrel at 1157 GMT, while US West Texas Intermediate crude fell $1.38, or 2.01%, to $67.20 a barrel, their lowest level since late February.
Open-market movement
In the open market, the PKR lost 5 paise for both buying and selling against USD, closing at 278.68 and 279.42, respectively.
Against Euro, the PKR gained 22 paise for buying and 28 paise for selling, closing at 317.53 and 320.86, respectively.
Against UAE Dirham, the PKR lost 3 paise for buying and 6 paise for selling, closing at 75.94 and 76.55, respectively.
Against Saudi Riyal, the PKR remained unchanged for buying and gained 4 paise for selling, closing at 74.28 and 74.83, respectively.
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Open Bid Rs 278.68
Open Offer Rs 279.42
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Interbank Closing Rates: Interbank Closing Rates For Dollar on Thursday
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Open Bid Rs 278.15
Open Offer Rs 278.35
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RUPEE IN LAHORE: The Pakistani rupee retreated against the US dollar and the British pound in the local currency market on Thursday.
Currency dealers said the rupee took a positive start and fared better in early session but lost ground in intraday trading. Dealers said that during intraday trading activity in the local currency remained highly volatile and it failed to regain strength. There was also no visible improvement during the last session and finally the rupee ended with on a weaker note, they added.
At the close of the trading, the rupee's buying and selling rates against the US dollar stood at Rs 279.50 and Rs 281.00, respectively compared with Rs 278.50 and Rs 280.50, respectively of the previous day.
Against the British pound, the rupee's buying and selling rates closed at Rs 370.00 and Rs 374.00 compared with Wednesday’s Rs 368.00 and Rs 373.00, respectively.
Copyright Business Recorder, 2026
