RECORDER REPORT
KARACHI: The Pakistani rupee extended its marginal gains, appreciating 0.01percent against the US dollar in the interbank market on Thursday.
The local unit closed the day at 277.17, a gain of Re0.03 against the greenback.
On Wednesday, the Pakistani rupee settled at 277.20 against the dollar.
Internationally, the US dollar clung to a two-month high on Thursday after a strong manufacturing reading reignited inflation fears and rate-hike bets, while a weak Treasury auction sent yields higher across the curve, providing fresh impetus to the US currency.
The broad dollar strength pushed the euro to USD1.1378, a two-month low, while sterling languished near a three-month nadir at USD1.3231. The dollar index, which measures the US currency against a basket of peers, held near a two-month high at 101.1.
A stronger-than-expected purchasing managers’ report overnight fanned new price concerns, and a poorly received auction of five-year U.S. Treasury notes triggered a fresh round of bond selling, with five-year yields crossing 5percent for ?the first time since 2007.
Inflation risks were also amplified by a nearly 4percent jump in oil prices on Wednesday after Iran’s president vowed never to surrender, with markets also weighing US President Donald Trump’s diesel export ban.
Traders now see a nearly 70percent chance of another increase when the US central bank next meets in October, according to CME Group’s FedWatch Tool, up from ?the 50percent probability a week ago.
Oil prices, a key indicator of currency parity, rose more than 1percent on Thursday as diplomatic talks between the US and Iran showed little sign of progress, while investors focused on uncertainty about a potential US ban on diesel exports.
Brent crude futures were up USD1.63, or 1.58percent, at USD104.71 a barrel at 1200 GMT, while West Texas Intermediate futures were up USD1.34, or 1.49percent, at USD93.53 a barrel.
Open-market movement
In the open market, the PKR gained 5.00 paisa for buying and 2.00 paisa for selling against USD, closing at 278.12 and 279.20, respectively.
Against Euro, the PKR gained 1.02 rupee for buying and 1.03 rupee for selling, closing at 316.43 and 319.72, respectively.
Against UAE Dirham, the PKR remained unchanged for buying and gained 1.00 paisa for selling, closing at 75.70 and 76.28, respectively.
Against Saudi Riyal, the PKR gained 1.00 paisa for both buying and selling, closing at 74.01 and 74.51, respectively.
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Open Bid Rs 278.12
Open Offer Rs 279.20
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Interbank Closing Rates: Interbank Closing Rates For Dollar on Thursday
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Open Bid Rs 277.17
Open Offer Rs 277.37
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RUPEE IN LAHORE: The Pakistani rupee slightly declined against the US dollar while edged higher versus the British pound in the local currency market on Thursday.
Currency dealers said the rupee showed weak signs at open against the US unit and later negative trend continued in early hours and intraday trading. There was also no visible change in the trading pattern during the last session, dealers said. Nevertheless renewed interest surfaced during the last moment which trimmed early losses, they added.
At the end of trading, the rupee’s buying and selling rates against the US dollar settled at Rs 278.50 and Rs 280.50 against yesterday’s value of Rs 278.00 and Rs 280.00, respectively.
Against the British unit the rupee’s buying rate closed at Rs 365.00 against Rs 368.34 while selling rate stood at Rs 374.00 compared with Rs 375.00, of the previous session.
Copyright Business Recorder, 2026
