RECORDER REPORT
KARACHI: The Pakistani rupee extended its marginal gains against the US dollar in the inter-bank market on Thursday.
The local unit closed the day at 277.10, a gain of Re0.01 against the greenback.
On Wednesday, the Pakistani rupee settled at 277.11 against the dollar.
Internationally, the US dollar held near a two-month high on Thursday, supported by an extended rise in US Treasury yields partly driven by concerns over persistent global price pressures from the Middle East war.
Data showing US inflation rose less than expected in August, along with downward revisions to July’s reading, reduced expectations for a Federal Reserve rate hike this month.
But a surge in eurozone inflation underscores the threat that higher energy prices continue to pose to the global economy.
Against the US dollar, the euro was marginally lower at USD1.1330 in the early Asian session. It clocked a loss of nearly 2.5percent in September, the largest since July 2025, pressured by Europe’s debt and energy worries.
Sterling was flat at USD1.3264 after having slid 2.1percent last month, similarly weighed down by a stronger greenback.
The US dollar was perched near a two-month high against a basket of currencies, and last stood at 101.48, after rising 2percent in September.
Oil prices, a key indicator of currency parity, rose around 2percent on Thursday after China suspended oil products exports, tightening fuel markets already coping with supply shortages globally, while investors continued to assess diplomatic efforts to end the US-Israeli war on Iran.
The new front-month December Brent crude futures contract traded at USD99.77 per barrel at 1312 GMT, up 1.8percent, or USD1.7, from Wednesday’s close. The November contract expired on Wednesday, settling at USD103.50 per barrel, marking a monthly gain of around 14percent in September for the front-month contract.
Open-market
In the open market, the PKR gained 9 paise for buying and 4 paise for selling against USD, closing at 277.97 and 279.09, respectively.
Against Euro, the PKR gained 1.37 rupee for buying and 98 paise for selling, closing at 313.73 and 317.15, respectively.
Against UAE Dirham, the PKR gained 1 paisa for buying and lost 2 paise for selling, closing at 75.67 and 76.27, respectively.
Against Saudi Riyal, the PKR gained 1 paisa for buying and lost 1 paisa for selling, closing at 73.98 and 74.49, respectively.
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Open Bid Rs 277.97
Open Offer Rs 279.09
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Interbank Closing Rates: Interbank Closing Rates For Dollar on Thursday
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Open Bid Rs 277.10
Open Offer Rs 277.30
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RUPEE IN LAHORE: The Pakistani rupee remained steady against the US dollar while it marginally improved versus the British pound in the local currency market on Thursday.
Currency dealers said the rupee maintained a firm tone in early trading, but later during the intraday trading moved in both directions.
The local currency remained unsettled most of the day in absence of any market-friendly news, dealers stated.
At the close of trading, the rupee’s buying rate against the US dollar stood unchanged at Rs279.00 while selling value fractionally changed to Rs 280.00 from Rs 280.20 on a day earlier.
Against the British pound, the rupee’s buying and selling rates respectively closed at Rs 368.00 and Rs 371.00 compared with preceding day’s Rs 369.00 and Rs 371.40.
Copyright Business Recorder, 2026
