RECORDER REPORT
KARACHI: The Pakistani rupee continued its marginal gain against the US dollar in the inter-bank market on Tuesday.
The local unit closed the day at 276.80, a gain of Re0.01 against the greenback.
On Monday, the rupee had closed at 276.81 against the dollar.
Internationally, the dollar index held steady near a one-week high on Tuesday at 102.04 as a tech-led rebound on Wall Street revived appetite for risk, while investors await megacap earnings and the US midterm elections.
Risk appetite returned overnight after Anthropic IPO filing and Meta USD95 billion equity plan rekindled the artificial intelligence trade.
The dollar was also underpinned by a weaker euro, which fell to a near two-week low against the greenback as worries over France fiscal health piled pressure on the single currency. The euro last fetched USD1.1165, down about 1.4 percent this month.
The Japanese yen eased against the US dollar on Tuesday, further eroding last week safe-haven gains, underpinned by a risk-on mood and a weaker euro ahead of key central bank meetings this week that will influence the global rates outlook.
Australian and New Zealand dollars flatlined as investors braced for major event risks in both countries that will set the outlook for interest rates in coming months. The Aussie idled at USD0.7020, having eased 0.2 percent overnight after faltering at USD0.7040 resistance. Support lies around USD0.7005 and USD0.6895.
Oil prices, a key indicator of currency parity, rose slightly on Tuesday as investors awaited the outcome of diplomatic talks in Tehran, while renewed Houthi attacks on Saudi Arabia highlighted persistent risks.
Brent crude futures were up 45 cents, or 0.39 percent, at USD116.26 a barrel by 0918 GMT, while US West Texas Intermediate crude was up 40 cents, or 0.39 percent, at USD102.16.
Open-market movement
In the open market, the PKR gained 2 paise for buying and 14 paise for selling against USD, closing at 277.55 and 278.68, respectively.
Against Euro, the PKR gained 1.29 rupees for buying and 1.15 rupees for selling, closing at 309.22 and 312.27, respectively.
Against UAE Dirham, the PKR remained unchanged for buying and lost 1 paisa for selling, closing at 75.60 and 76.18, respectively.
Against Saudi Riyal, the PKR lost 1 paisa for buying and gained 1 paisa for selling, closing at 73.95 and 74.47, respectively.
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Open Bid Rs 277.55
Open Offer Rs 278.68
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Interbank Closing Rates: Interbank Closing Rates For Dollar on Tuesday
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Open Bid Rs 276.80
Open Offer Rs 277.00
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RUPEE IN LAHORE: The Pakistani rupee retreated against the US dollar and the British pound in the local currency market on Tuesday.
At close of the market, the rupee’s buying and selling rates against the US dollar were quoted at Rs 278.35 and Rs 279.25, respectively compared with Monday’s Rs277.50 and Rs279.00, respectively.
Against the British pound, the rupee’s buying and selling rates changed to Rs 369.50 and Rs 371.75, respectively from Rs370.00 and Rs372.00, respectively in the preceding session.
Copyright Business Recorder, 2026
