RECORDER REPORT
KARACHI: The Pakistani rupee extended its marginal gains, appreciating 0.01percent against the US dollar on Thursday.
The local unit closed the day at 277.72, a gain of Re0.03 against the greenback.
On Wednesday, the Pakistani rupee settled at 277.75 against the dollar.
Moreover, currency markets drifted on Thursday with the yen struggling to retain intervention gains and the dollar pinned near six-week lows, as concerns about a proposed US-Iran deal and jitters about upcoming US payroll data left traders cautious.
The euro was little changed at USD1.1557, and sterling traded flat at USD1.3469. The New Zealand dollar and the Australian dollar were also flat, last trading at USD0.5885 and USD0.7056, respectively.
The dollar index, which tracks the US currency against six major peers, was little changed at 99.65, struggling to find direction while hovering near a six-week low.
Oil prices rose on Thursday as investors remained cautious on the outcome of Iran-Oman talks and whether they will restore flows via the Strait of Hormuz, while reports of attacks on Saudi tankers in the Red Sea and Gulf of Aden renewed supply tensions.
Brent crude futures gained 83 cents, or 1.04percent, to USD80.28 a barrel by 1158 GMT. US West Texas Intermediate futures added 61 cents, or 0.81percent, to USD75.83.
Open-market movement
In the open market, the PKR lost 8 paise for buying and 19 paise for selling against USD, closing at 278.72 and 279.87, respectively.
Against Euro, the PKR lost 12 paise for buying and 32 paise for selling, closing at 320.78 and 323.98, respectively.
Against UAE Dirham, the PKR gained 9 paise for buying and 7 paise for selling, closing at 75.83 and 76.53, respectively.
Against Saudi Riyal, the PKR gained 7 paise for buying and 8 paise for selling, closing at 74.09 and 74.70, respectively.
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Open Bid Rs 278.72
Open Offer Rs 279.87
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Interbank Closing Rates: Interbank Closing Rates For Dollar on Thursday
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Open Bid Rs 277.72
Open Offer Rs 277.92
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RUPEE IN LAHORE: The Pakistani rupee posted a marginal gain against the US dollar while remaining largely firm against the British pound in the local currency market on Thursday.
According to currency dealers, the local currency opened on a firm note against the greenback and strengthened gradually during the early trading hours. However, it lost momentum during intraday trading amid volatile market activity. Dealers said renewed buying interest in the closing minutes helped the rupee end the session on a positive note.
At the close of trading, the rupee's buying rate against the US dollar improved to Rs280.00 from Rs280.50 a day earlier, while the selling rate remained unchanged at Rs282.00.
Against the British pound, the rupee's buying rate settled at Rs374.50, compared with Rs374.00 in the previous session. The selling rate remained unchanged at Rs377.50.
Copyright Business Recorder, 2026
