RECORDER REPORT
KARACHI: The Pakistani rupee extended its marginal gains against the US dollar in the interbank market on Tuesday.
The local unit closed the day at 277.05, a gain of Re0.01 against the greenback.
On Monday, the Pakistani rupee settled at 277.06 against the dollar.
Internationally, the US dollar extended its blistering rally as it rode US Treasury yields higher.
In the broader market, the US dollar marched higher, drawing support from still-elevated US Treasury yields, which scaled multi-decade highs overnight.
Against the yen, the US dollar rose a touch to 157.92, while sterling slipped 0.02 percent to USD1.3222.
The dollar index firmed at 102.16, having scaled an 18-month high in the previous session.
The greenback’s strength has come despite reduced expectations for a Federal Reserve rate hike this month in the wake of weaker-than-expected US jobs data, as investors bet the central bank would still need to tighten policy further.
Oil prices, a key indicator of currency parity, fell by more than USD2 on Tuesday as rising Middle Eastern crude exports and a G7 emergency stockpile release eased supply concerns, though lingering security risks in the region capped further losses.
Gulf oil flows excluding Iran surged to over 81 percent of pre-war levels in September, data showed. Saudi Arabia’s energy minister said oil pumped through the East-West Pipeline, which was hit by a drone attack last month, reached 5.8 million barrels.
Open-market movement
In the open market, the PKR gained 10 paise for buying and 5 paise for selling against USD, closing at 277.64 and 278.88, respectively.
Against Euro, the PKR lost 56 paise for buying and gained 2 paise for selling, closing at 310.83 and 313.85, respectively.
Against UAE Dirham, the PKR gained 1 paisa for buying and 4 paise for selling, closing at 75.60 and 76.19, respectively.
Against Saudi Riyal, the PKR gained 2 paise for both buying and selling, closing at 73.90 and 74.44, respectively.
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Open Bid Rs 277.64
Open Offer Rs 278.88
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Interbank Closing Rates: Interbank Closing Rates For Dollar on Tuesday
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Open Bid Rs 277.05
Open Offer Rs 277.25
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RUPEE IN LAHORE: The Pakistani rupee improved against the US dollar while showing firmness versus the British pound in the local currency market on Tuesday.
Currency dealers said the rupee took a firm start and then gradually strengthened against the US dollar. It also maintained the positive trend during the intraday trading but later volatility prevailed which kept the market directionless. However, dealers said, minutes before the close interest regenerated which helped the local currency end the day with a positive note.
At the closing bell, the rupee’s buying and selling rates against the US dollar settled at Rs 277.50 and Rs 279.50 against yesterday’s Rs278.00 and Rs280.00, respectively.
Meanwhile versus the British unit, the rupee’s buying rate moved to Rs 3767.20 from 377.00, respectively while the selling rate to Rs 366.50 and Rs 369.00.
Copyright Business Recorder, 2026
