RECORDER REPORT
KARACHI: The Pakistani rupee continued its marginal gain against the US dollar in the inter-bank market on Friday.
The local unit closed the day at 276.75, a gain of Re0.01 against the greenback.
On Thursday, the rupee had closed at 276.76 against the dollar.
Globally, the dollar index, which measures the US currency against a basket of peers, was a shade weaker at 101.77. It was set for a 0.3percent gain this month, marking a second straight monthly rise.
The greenback is largely weighed by a dip in US Treasury yields as safe-haven assets attract new bids.
The yield on the benchmark US 10-year Treasury note was last 4.8958percent and that on the 30-year bond fell to 5.2623percent, both at their lowest in over a month.
Oil prices, a key indicator of currency parity, rose on Friday and were on track for a fourth monthly gain as traders braced for a potential escalation in the US-Iran conflict after the US midterm elections, with an attack on a tanker in the Strait of Hormuz highlighting supply risks from the war.
Brent crude futures for December , which expire on Friday, were up USD2.26, or 2percent, at USD117.14 a barrel as of 1236 GMT. The more active January contract gained USD2.30 to USD113.10.
Open-market movement
In the open market, the PKR gained 1 paisa for buying and remained unchanged for selling against USD, closing at 277.47 and 278.62, respectively.
Against Euro, the PKR lost 1.25 rupee for buying and 1.30 rupee for selling, closing at 310.10 and 313.03, respectively.
Against UAE Dirham, the PKR gained 1 paisa for buying and 2 paise for selling, closing at 75.61 and 76.17, respectively.
Against Saudi Riyal, the PKR lost 1 paisa for buying and remained unchanged for selling, closing at 73.97 and 74.48, respectively.
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Open Bid Rs 277.47
Open Offer Rs 278.62
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Interbank Closing Rates: Interbank Closing Rates For Dollar on Friday
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Open Bid Rs 276.75
Open Offer Rs 276.95
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RUPEE IN LAHORE: The Pakistani rupee remained steady against the US dollar while depicting weakness against the British pound in the local currency market on Friday.
At the final count, the rupee’s buying and selling rates against the US dollar closed at Rs 277.50 and Rs 279.00, respectively, unchanged from the previous day.
Against the British pound, the rupee’s buying and selling rates changed to Rs 371.00 and Rs 372.90 compared with Thursday’s Rs 369.50 and Rs 371.50, respectively.
Copyright Business Recorder, 2026
