RECORDER REPORT
KARACHI: The Pakistani rupee posted marginal gain against the US dollar in the inter-bank market on Tuesday.
At close, the local currency settled at 278.01, a gain of Re0.01 against the greenback.
On Monday, the rupee closed at 278.02 against the dollar.
The dollar steadied on Tuesday ahead of US inflation data, with Middle East tensions lifting oil prices while the yen held a soft tone amid caution possible intervention and after policymakers’ comments on state pension fund allocations.
The dollar index, which measures the greenback against a basket of currencies including the yen and the euro, eased 0.04 percent to 101.23.
The euro was up against the dollar at USD 1.1388, and sterling gained 0.07 percent to USD 1.3355.
Meanwhile, Federal Reserve Governor Christopher Waller said rates may need to rise “in the near term” if data shows inflation remaining well above the central bank’s 2 percent target.
Oil prices rose about 2 percent to a one-month high on Tuesday after the US reimposed a naval blockade on Iran and as renewed attacks between Washington and Tehran heightened concerns over energy flows through the Strait of Hormuz.
Before Iran war about 20 percent of global oil supplies flowed through the strait.
Brent futures rose USD 1.47, or 1.8 percent, to USD 84.77 per barrel at 11:36 am EDT (1536 GMT), while US West Texas Intermediate (WTI) crude rose USD 1.26, or 1.6 percent, to USD 79.40.
Open-market movement
In the open market, the PKR gained 1 paisa for buying and lost 4 paise for selling against USD, closing at 278.87 and 279.68, respectively.
Against Euro, the PKR gained 49 paise for buying and 36 paise for selling, closing at 318.65 and 321.72, respectively.
Against UAE Dirham, the PKR lost 1 paisa for buying and 4 paise for selling, closing at 76.15 and 76.75, respectively.
Against Saudi Riyal, the PKR lost 1 paisa for buying and remained unchanged for selling, closing at 74.54 and 75.06, respectively.
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Open Bid Rs 278.87
Open Offer Rs 279.68
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Interbank Closing Rates: Interbank Closing Rates For Dollar on Tuesday
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Open Bid Rs 278.01
Open Offer Rs 278.21
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RUPEE IN LAHORE: The Pakistani rupee stayed firm against the US dollar and the British pound in the local currency market on Tuesday.
Currency dealers said the rupee opened with a positive note against the US dollar and later moved in a tight band in morning session and intraday trading. Business activity in the local currency mostly remained slow as traders adopted a cautious approach due to the situation in the Middle East, dealers stated. Some interest, however, was seen during the last hours, which helped the rupee end with a stable note.
At the end of the day’s trading, the rupee's buying rate remained unchanged at Rs 280.00 while selling value slightly changed to Rs 282.00 from yesterday’s 281.80.
Against the British unit, the rupee’s buying and selling rates closed at Rs 375.00 and Rs 377.50, respectively compared with previous day’s Rs 374.50 and Rs 378.00, respectively.
Copyright Business Recorder, 2026
