RECORDER REPORT
KARACHI: The Pakistani rupee extended its marginal gains against the US dollar in the inter-bank market on Tuesday.
The local unit closed the day at 276.96, a gain of Re0.01 against the greenback.
On Monday, the Pakistani rupee settled at 276.97 against the dollar.
Pakistan’s inflation rate is projected to rise to 9.9percent in 2027, while economic growth is expected to ease to 3.5percent, according to data released by the International Monetary Fund (IMF) World Economic Outlook (WEO) released on Tuesday.
The IMF data showed inflation at 7.1percent in 2026, up from 4.5percent in 2025. Pakistan gross domestic product (GDP) growth is projected at 3.6percent in 2026, compared with 3.2percent in 2025, before moderating to 3.5percent in 2027.
Globally, the US dollar held its ground at the start of Asian trading on Tuesday after a holiday for some markets in the US, as geopolitical risks rose after renewed attacks on energy infrastructure in the Middle East and Ukraine.
The US dollar index, which measures the greenback strength against a basket of six currencies, was at 102.56 in subdued Asian trading after closing up 0.3percent on Monday. The currency is hovering around its highest levels since April last year.
The euro was flat at USD1.1159 on Tuesday, while the British pound was also steady at USD1.3209.
Against the yen, the US dollar was 0.1percent weaker at 158.435 yen after the release of data from the Bank of Japan, which showed wholesale prices rose 6.8percent in the year to September, falling short of the median market forecast for a 7.6percent annual increase.
The Chinese yuan traded near its strongest levels in four years, holding steady against the US dollar at 6.6950 yuan in offshore trade.
Oil prices, a key indicator of currency parity, eased on Tuesday as hopes the US-Russia diesel deal could free up more supplies from Moscow offset attacks in Saudi Arabia and Yemen that could result in additional supply disruptions.
Brent futures were down 67 cents, or 0.6percent, at USD105.98 per barrel at 10:20am EDT (1420 GMT), while US West Texas Intermediate crude futures held steady at USD93.74.
Open-market movement
In the open market, the PKR lost 7 paise for buying and gained 17 paise for selling against USD, closing at 277.55 and 278.66, respectively.
Against Euro, the PKR gained 67 paise for buying and 81 paise for selling, closing at 309.44 and 312.29, respectively.
Against UAE Dirham, the PKR remained unchanged for buying and lost 3 paise for selling, closing at 75.53 and 76.15, respectively.
Against Saudi Riyal, the PKR gained 2 paise for buying and remained unchanged for selling, closing at 73.81 and 74.40, respectively.
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Open Bid Rs 277.55
Open Offer Rs 278.66
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Interbank Closing Rates: Interbank Closing Rates For Dollar on Tuesday
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Open Bid Rs 276.96
Open Offer Rs 277.16
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RUPEE IN LAHORE: The Pakistani rupee further weakened against the US dollar while depicting firmness versus the British pound in the local currency market on Tuesday.
Currency dealers said the rupee took a positive start with the trend continuing during early hours of trading. The local currency, however, started diluting during intraday trading with the sentiment largely remaining depressed in the subsequent trading hours, dealers stated.
At the close, the rupee’s buying rate in comparison to the US dollar was quoted at Rs 278.30 against yesterday’s value at Rs 277.80 while selling rate stood intact to previous level at Rs279.20.
Against the British pound, the rupee’s buying and selling rates closed at Rs 366.00 and Rs 368.50 compared with preceding day’s Rs366.50 and Rs368.80, respectively.
Copyright Business Recorder, 2026
