RECORDER REPORT
KARACHI: The Pakistani rupee continued its marginal gains against the US dollar, appreciating 0.01 percent in the inter-bank market on Tuesday.
The local unit closed the day at 276.87, a gain of Re0.03 against the greenback.
On Monday, the Pakistani rupee settled at 276.90 against the dollar.
Internationally, the US dollar churned at the start of trading in Asia on Tuesday as a tepid recovery in investor confidence bolstered higher-yielding currencies, but growing political risk in Europe continued to test traders’ nerves.
The euro was steady at USD1.1216, while the British pound rose 0.1 percent to USD1.3308.
The Australian dollar was up 0.1 percent at USD0.6986, while its New Zealand counterpart nudged 0.1 percent higher to USD0.5668.
Against the yen, the US dollar was flat at 158.56 yen ahead of an auction of 20-year Japanese government bonds.
French authorities set curfews in several cities on Monday after nationwide anti-government protests plunged President Emmanuel Macron’s final months in office into turmoil.
In Italy, the government said it will dispatch 500 troops after two days of unrest.
The spread between French and German 10-year government bonds widened 9.9 basis points on Monday to 147.3 basis points. The yield on the US 10-year Treasury bond was flat at 5.131 percent.
The US dollar index, which measures the greenback’s strength against six currencies, ended two days of loss on Monday, rising 0.2 percent to 101.98.
Oil prices, a key indicator of currency parity, advanced on Tuesday, with Brent reaching a five-month high, as traders priced in a geopolitical risk premium from Houthi attacks on Saudi infrastructure and reports of vessel attacks in the Gulf.
Yemen’s Houthis said on Monday they launched several attacks on Saudi energy, airport and military targets, such as an Aramco site in Yanbu, the Shaybah oilfield, Riyadh’s King Khalid International Airport, and Abha airport.
Saudi authorities did not immediately confirm the Houthi claims and Reuters could not independently verify them.
Brent crude futures rose to USD111.75 a barrel, the highest since May, and as of 1120 GMT were trading at USD111.20, up USD1.65 or 1.5 percent.
Open-market movement
In the open market, the PKR gained 5 paise for buying and 1 paisa for selling against USD, closing at 277.52 and 278.63, respectively.
Against Euro, the PKR lost 8 paise for buying and 21 paise for selling, closing at 310.89 and 313.89, respectively.
Against UAE Dirham, the PKR remained unchanged for both buying and selling, closing at 75.60 and 76.20, respectively.
Against Saudi Riyal, the PKR remained unchanged for buying and lost 2 paise for selling, closing at 73.92 and 74.49, respectively.
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Open Bid Rs 277.52
Open Offer Rs 278.63
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Interbank Closing Rates: Interbank Closing Rates For Dollar on Tuesday
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Open Bid Rs 276.87
Open Offer Rs 277.07
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RUPEE IN LAHORE: The Pakistani rupee stood firm against the US dollar and the British pound in the local currency market on Tuesday.
According to currency dealers, the rupee showed a positive movement against the US dollar after the open and later it kept moving in positive zone throughout morning session and intraday trading. Even in first half of the last session, the local currency performed better against the greenback, the dealers added. However, subsequently pressure changed the situation resulting in loss of early gains, dealers reported.
At end of trading, the rupee’s buying rate against the US dollar closed at Rs 277.50, unchanged from yesterday while selling value changed to Rs 279.00 from 279.50.
Against the British pound, the rupee’s buying rate stood pegged to its previous day’s level at Rs 369.50 and selling rate changed to Rs 372.50 from Rs 372.00.
Copyright Business Recorder, 2026
