RECORDER REPORT
KARACHI: The Pakistani rupee continued its marginal gains against the US dollar in the inter-bank market on Monday.
The local unit closed the day at 276.90, a gain of Re0.01 against the greenback.
During the previous week, the Pakistani rupee continued its marginal gain against the US dollar, appreciating 0.03percent in the inter-bank market. The local unit closed at 276.91 against the greenback, a gain of Re0.09 from 277.00 it had closed at a week earlier.
Internationally, the US dollar edged up from near its lowest levels of the month at the start of trading in Asia on Monday as violent protests in France put pressure on the euro.
The euro fell 0.1percent to USD1.1225 as trading began in Asia. The biggest weighting in the dollar index, the common currency drop helped steady the greenback, which traded level at 101.83.
Against the yen, the US dollar was flat at 158.00 yen as Bank of Japan Governor Kazuo Ueda said on Monday underlying inflation is quite close to the central bank 2percent target.
The US dollar was flat at 6.6842 yuan in offshore trade ahead of the release of Chinese GDP data for the third quarter. China economy is expected to have sped up slightly in the period from a more than three-year low.
In emerging market Asia, much of the focus will be on the Indonesian rupiah following a threat from MSCI to downgrade the country stock market to standalone status last week, which triggered a 11.6percent collapse in equities.
Oil prices, a key indicator of currency parity, slipped more than USD1 on Monday as investors took profits after prices climbed to multi-month highs last week, while keeping a close watch on conflicts in the Middle East and Ukraine and assessing the impact of US waivers on some sanctions and tariffs affecting Russian exports.
Brent crude futures fell USD1.72, or 1.6percent, to USD108.14 a barrel at 1027am. ET or 1427 GMT, after settling at their highest since May 19 on Friday.
Open-market movement
In the open market, the PKR lost 10 paise for buying and remained unchanged for selling against USD, closing at 277.57 and 278.64, respectively.
Against Euro, the PKR gained 53 paise for buying and 49 paise for selling, closing at 310.81 and 313.68, respectively.
Against UAE Dirham, the PKR lost 3 paise for buying and 4 paise for selling, closing at 75.60 and 76.20, respectively.
Against Saudi Riyal, the PKR lost 5 paise for buying and 7 paise for selling, closing at 73.92 and 74.47, respectively.
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Open Bid Rs 277.57
Open Offer Rs 278.64
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Interbank Closing Rates: Interbank Closing Rates For Dollar on Monday
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Open Bid Rs 276.90
Open Offer Rs 277.10
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RUPEE IN LAHORE: The Pakistani rupee slightly improved against the US dollar while staying firm versus the British pound in the local currency market on Monday.
According to currency dealers, the rupee mostly traded in the positive zone during the early hours posting fresh gains versus the British unit. The local currency’s performance also remained encouraging during the intraday trading, dealers stated. However, pressure emerging subsequently in the last session forced the rupee shed part of early gains.
At the final count, the rupee’s buying rate against the US dollar closed at Rs 277.50 compared with its previous closing at Rs 278.30 while there was no change in selling value which stood at 279.50.
Against the British pound, the rupee’s buying and selling rates closed at Rs 369.50 and Rs 372.00, respectively against Rs 369.25 and Rs 371.80, respectively.
Copyright Business Recorder, 2026
