RECORDER REPORT
KARACHI: The Pakistani rupee stretched its marginal gains against the US dollar, appreciating 0.01percent in the inter-bank market on Thursday.
The local unit closed the day at 276.92, a gain of Re0.03 against the greenback.
On Wednesday, the Pakistani rupee settled at 276.95 against the dollar.
Internationally, the US dollar slipped from an 18-month peak on Thursday despite hotter-than-expected inflation data, as cautious remarks from Federal Reserve officials and a pullback in Treasury yields led traders to scale back expectations of an October rate hike.
Against the dollar, the euro bounced 0.3percent from an 18-month low to trade at USD1.1187. Sterling strengthened 0.2percent to USD1.3224, recovering from a 13-month low.
The dollar index, which measures the US currency against a basket of peers, was down 0.1percent at 102.06. It has given back most of the gains it made after Wednesday hot inflation reading pushed it to an 18-month high.
US Labor Department data showed the core consumer price index was up 0.3percent in September versus economist expectations for a rise of 0.2percent.
Oil prices fall as investors weigh supply outlook, Middle East tensions
On an annual basis, it rose 2.6percent, above forecasts for a rise of 2.5percent, while the headline rate rose 3.7percent, also above estimates for a rise of 3.6percent.
Market pricing for an October Fed rate hike rose sharply to 50percent on the back of the data, which gave the greenback a brief boost.
The Australian dollar fetched USD0.6952, down 0.3percent, after local employment unexpectedly slid in September. The kiwi traded up 0.2percent at USD0.5604.
The Japanese yen was up around 0.3percent at 157.82.
Oil prices, a key indicator of currency parity, fell around 1percent on Thursday as potential US steps to ease restrictions on Russia shadow fleet tankers soothed high price concerns, but attacks on ships in the Middle East and Ukrainian strikes on Russian energy infrastructure limited the decline.
The international benchmark fell USD1.03, or 0.97percent, to USD105.03 a barrel by 1326 GMT.
Open-market movement
In the open market, the PKR gained 2 paise for both buying and selling against USD, closing at 277.51 and 278.77, respectively.
Against Euro, the PKR lost 57 paise for buying and 47 paise for selling, closing at 310.59 and 313.46, respectively.
Against UAE Dirham, the PKR lost 3 paise for buying and 4 paise for selling, closing at 75.55 and 76.17, respectively.
Against Saudi Riyal, the PKR lost 2 paise for both buying and selling, closing at 73.84 and 74.40, respectively.
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Open Bid Rs 277.51
Open Offer Rs 278.77
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Interbank Closing Rates: Interbank Closing Rates For Dollar on Thursday
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Open Bid Rs 276.92
Open Offer Rs 277.12
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RUPEE IN LAHORE: The Pakistani rupee remained steady against the US dollar and the British pound in the local currency market on Thursday.
According to local currency dealers, the rupee opened on an upbeat note and later a buoyant tendency was observed with a mild trade activity. Dealers said that positive trend continued during the intraday trading as well but subsequent pressure changed the situation. During the last session, volatility prevailed resulting in loss of early gains, dealers added.
At the close, the rupee’s buying rate against the US dollar remained unchanged at Rs 278.30 while selling value slightly changed to Rs279.20 from earlier Rs 279.10.
Against the British pound, the rupee’s buying rate closed at Rs 367.10 compared with Rs367.30 of the preceding day while selling value changed to Rs 370.00 from Rs 369.50.
Copyright Business Recorder, 2026
