RECORDER REPORT
KARACHI: The Pakistani rupee extended its marginal gains against the US dollar on Monday.
The local unit closed the day at 277.86, a gain of Re0.01 against the greenback.
On Friday, the Pakistani rupee settled at 277.87 against the dollar.
The State Bank of Pakistan (SBP) Monetary Policy Committee (MPC), in its first meeting in the fiscal year 2026-27, decided to keep the policy rate unchanged at 11.5 percent.
Internationally, the dollar slumped against its major peers at the start of Asian trading on Monday after the US paused its bombing campaign in Iran during the weekend, prompting a drop in oil prices and boosting global investor confidence.
Against the yen, the US dollar was down 0.2 percent at 163.585 yen, its biggest decline since July 10.
The euro was up 0.2 percent at USD 1.1397, while the British pound rose by a similar magnitude to USD 1.3353.
The dollar index, which measures the greenback against a basket of â six currencies, slipped 0.25 percent to 101.23 at the start of a week packed with central bank meetings, including that of the Federal Reserve.
Open-market movement
In the open market, the PKR lost 12 paise for buying and 5 paise for selling against USD, closing at 278.89 and 279.87, respectively.
Against Euro, the PKR lost 91 paise for buying and 90 paise for selling, closing at 319.79 and 322.67, respectively.
Against UAE Dirham, the PKR lost 3 paise for buying and 1 paisa for selling, closing at 76.37 and 76.95, respectively.
Against Saudi Riyal, the PKR lost 2 paise for buying and 5 paise for selling, closing at 74.71 and 75.29, respectively.
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Open Bid Rs 278.89
Open Offer Rs 279.87
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Interbank Closing Rates: Interbank Closing Rates For Dollar on Monday
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Open Bid Rs 277.86
Open Offer Rs 278.06
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RUPEE IN LAHORE: The Pakistani rupee closed steady against the US dollar and the British pound in the local currency market on Monday, supported by late-session buying after subdued trading weighed on sentiment earlier in the day.
Currency dealers said the local unit traded on a firm footing during the early session amid improved market activity, posting modest gains. Trading, however, turned sluggish later in the day, dampening overall market sentiment. Fresh buying interest in the closing session helped the rupee recover from intraday pressure and end the day on a stable note.
At the close of trading, the rupee's buying and selling rates against the US dollar remained unchanged at Rs280.00 and Rs282.00, respectively, compared with the previous session.
Against the British pound, the rupee's buying rate settled at Rs374.70, while the selling rate remained unchanged at Rs378.50.
Copyright Business Recorder, 2026
