RECORDER REPORT
KARACHI: The Pakistani rupee extended its gains against the US dollar on Thursday, strengthening past Rs278 to its highest level in 19 months.
The local unit closed the day at 277.97, a gain of Re0.03 or 0.01 percent against the greenback.
On Wednesday, the rupee closed at 278.00 against the dollar.
The US dollar hovered near a one-month low on Thursday, as soft inflation data reinforced bets that the Federal Reserve can stay patient on interest rate hikes.
The greenback slipped against the Japanese yen for the third trading session, by 0.1 percent to 162.075 yen. The euro was 0.1 percent higher at USD 1.1472, its strongest in a month.
The US dollar index, which tracks the currency against six peers, was little changed at 100.47, hovering near its lowest since June 18. It has fallen 0.8 percent over the previous two sessions and is on track for a weekly decline.
Oil prices rose more than 1 percent on Thursday as concerns over energy supplies increased after the Iran war escalated with intensifying strikes in the Middle East and as Tehran asked Yemen’s Houthis to stand ready to close the Red Sea oil route.
Brent crude futures were up 93 cents, or 1.09 percent, to USD 85.88 a barrel at 1420 GMT, while U.S. West Texas Intermediate futures were up 89 cents, or 1.12 percent, to USD 80.49 a barrel.
Open-market movement
In the open market, the PKR gained 3 paise for buying and remained unchanged for selling against USD, closing at 278.87 and 279.68, respectively.
Against Euro, the PKR lost 1.11 rupee for buying and 1.05 rupee for selling, closing at 320.59 and 323.52, respectively.
Against UAE Dirham, the PKR lost 5 paise for buying and 2 paise for selling, closing at 76.22 and 76.78, respectively.
Against Saudi Riyal, the PKR lost 1 paisa for buying and 2 paise for selling, closing at 74.56 and 75.07, 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 Thursday
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Open Bid Rs 277.97
Open Offer Rs 278.17
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RUPEE IN LAHORE: The Pakistani rupee ended almost unchanged against the US dollar but weakened noticeably against the British pound in the local currency market on Thursday amid volatile trading.
Currency dealers said the local unit traded in a narrow range throughout the session, largely following the previous day's trend. The rupee failed to establish a clear direction during intraday trading, fluctuating on both sides before late-session buying interest enabled it to close virtually flat against the greenback, dealers stated.
At the close of trading, the rupee's buying rate stood at Rs280.40, compared with Rs280.25 on Wednesday, while its selling rate remained unchanged at Rs282.00.
Against the British pound, however, the rupee depreciated, with the buying and selling rates closing at Rs 378.00 and Rs 381.00, respectively and Rs 375.00 and Rs 377.00, respectively of Wednesday
Copyright Business Recorder, 2026
