RECORDER REPORT
KARACHI: The Pakistani rupee extended its marginal gains against the US dollar on Thursday.
The local unit closed the day at 277.90, a gain of Re0.01 against the greenback.
On Wednesday, the Pakistani rupee settled at 277.91 against the dollar.
The dollar index, which measures the greenback against a basket of currencies including the yen and the euro, eased 0.06percent to 101.05.
The greenback has gained as the worsening flare-up between Washington and Tehran triggered a rebound in oil prices and fanned inflation fears.
The euro was last up 0.07percent at USD1.1418.
Oil prices climbed above USD100 on Thursday, reaching their highest level in nearly two months, after Yemen’s Houthis said they had attacked two Saudi oil tankers in the Red Sea, adding to concerns over global supply disruptions from a near-halt in trade through the Strait of Hormuz.
Brent futures rose USD6.64, or 7percent, to USD100.71 a barrel at 10:52am ET (1452 GMT), exceeding USD100 for the first time since late May. The global crude oil benchmark has risen nearly 40percent this month and was in technically overbought territory for a ninth day in a row, the first time since September 2023.
Open-market movement
In the open market, the PKR lost 73 paise for buying and gained 8 paise for selling against USD, closing at 278.76 and 279.86, respectively.
Against Euro, the PKR lost 60 paise for both buying and selling, closing at 319.79 and 322.78, respectively.
Against UAE Dirham, the PKR lost 4 paise for both buying and selling, closing at 76.31 and 76.85, respectively.
Against Saudi Riyal, the PKR lost 4 paise for buying and 5 paise for selling, closing at 74.64 and 75.12, respectively.
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Open Bid Rs 278.76
Open Offer Rs 279.86
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Interbank Closing Rates: Interbank Closing Rates For Dollar on Thursday
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Open Bid Rs 277.90
Open Offer Rs 278.10
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RUPEE IN LAHORE: The Pakistani rupee slightly improved against the US dollar and the British pound in the local currency market on Wednesday, amid moderate activity.
Currency dealers stated the local currency inched up against the US dollar posting fresh in the morning session and intraday trading. Dealers said as compared to the previous day trade activity improved, helping the local currency gain strength. However, activity in the rupee subdued during the last session due to pressure. They added although during the concluding session the rupee shed part of early gains, it ended on an upbeat note.
At the end of the day’s trading, the rupee's buying rate closed at Rs 279.10 against Rs 279.50 of the previous day while selling value stood unchanged at Rs 282.00.
Against the British pound, the rupee’s buying rate changed to Rs 375.50 from Rs 376.00 of Wednesday, however selling value stayed put at Rs 379.50.
Copyright Business Recorder, 2026
