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 277.42, a gain of Re0.03 against the greenback.
On Wednesday, the Pakistani rupee settled at 277.45 against the dollar.
Pakistan has raised USD3 billion through a dual-tranche Eurobond sale that drew nearly USD6 billion in orders, according to a statement from Finance Division on Thursday. The country raised USD1.75 billion through a 5.5-year bond at a coupon rate of 7.5percent and USD1.25 billion through a 10-year bond at 7.9percent, it said.
Globally, the yen held its gains on Thursday after a sudden, brief surge in the previous session that traders suspect may have been driven by government authorities, keeping pressure on the dollar ahead of a crucial US jobs report.
The yen was last steady at 158.88 per US dollar, having jumped 0.9percent overnight, in a move that left market participants on alert for an official intervention from Tokyo.
Since a rare joint yen-buying intervention between the US and Japan on July 31, the yen has struggled to find lasting support, coming under pressure from still-wide interest rate differentials, fiscal worries and a renewed spike in energy prices.
In the broader market, the strength in the yen left the US dollar on the back foot, with the euro up marginally to USD1.1589. Sterling attempted a bounce from a three-week low, and last bought at USD1.3482.
Against a basket of currencies, the US dollar eased 0.04percent to 99.56.
Meanwhile, oil prices hit fresh six-week highs on Thursday after new US strikes on Iran and renewed Israeli threats against Tehran heightened concerns about disruptions to Middle East supplies.
Brent crude futures were up USD1.66, or 1.7percent, at USD97.29 a barrel by 1200 GMT, erasing earlier losses, while US West Texas Intermediate crude futures rose USD2.03, or 2.2percent, to USD93.04. Both contracts were heading for their fourth day of gains and hit six-week highs earlier in the session.
Open-market movement
In the open market, the PKR gained 7 paise for buying and 3 paise for selling against USD, closing at 278.26 and 279.15, respectively.
Against Euro, the PKR lost 62 paise for buying and 48 paise for selling, closing at 321.67 and 324.49, respectively.
Against UAE Dirham, the PKR lost 3 paise for buying and remained unchanged for selling, closing at 75.68 and 76.28, respectively.
Against Saudi Riyal, the PKR lost 5 paise for both buying and selling, closing at 73.97 and 74.53, respectively.
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Open Bid Rs 278.26
Open Offer Rs 279.15
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Interbank Closing Rates: Interbank Closing Rates For Dollar on Thursday
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Open Bid Rs 277.42
Open Offer Rs 277.62
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RUPEE IN LAHORE: The Pakistani rupee remained mostly stable against the US dollar and the British pound in the local currency market on Thursday.
According to market dealers, the rupee showed positive signs after the open and then strengthened its position against the US dollar during early session. There was also hardly any visible change in the trend during the intraday session, dealers stated. However, a reversal started during the last session, but fresh interest in the last minutes helped the rupee end the day with a stable note.
The rupee’s buying rate closed at Rs278.50, unchanged from Wednesday while selling value changed to Rs 281.00 from Rs280.50.
Meanwhile against the British pound, the rupee’s buying rate moved to Rs 375.30 from Rs375.75 of the preceding day, however, there was no change in the selling rate which stayed at Rs378.50.
Copyright Business Recorder, 2026
