RECORDER REPORT
KARACHI: The Pakistani rupee continued its marginal gain against the US dollar in the inter-bank market on Thursday.
The local unit closed the day at 276.61, a gain of Re0.01 against the greenback.
On Wednesday, the rupee had closed at 276.62 against the dollar.
Internationally, the US dollar climbed to a 19-month high against major peers on Thursday, supported by growing expectations of a Federal Reserve rate hike, while the yen edged toward the key 160-per-dollar level following a dovish central banker’s speech.
Traders ramped up bets on further Fed tightening after stronger-than-expected October inflation data and a series of hawkish remarks from US central bank officials, who expressed concern over stubborn inflation and left open the possibility of a larger 50-basis-point increase.
Some major brokerages, including Goldman Sachs, now expect another hike early next year, in addition to one in December.
The dollar index, which measures the greenback against a basket of currencies, rose by 0.15percent to 103.02, the highest since April 2025.
Against the Japanese yen, the dollar reversed an earlier decline to trade 0.04percent higher at 159.83, underpinned by wide interest-rate differentials as traders increased bets on further Fed hikes. It hit a more than two-month high earlier on Thursday.
Oil prices, a key indicator of currency parity, edged higher on Thursday after earlier losses, as persistent geopolitical tensions in the Middle East and Russia offset pressure from rising crude output.
Brent futures were up 65 cents at USD93.40 a barrel at 1425 GMT. US West Texas Intermediate crude was up 1 cent to USD86.54; both contracts fell more than USD1 per barrel in early Asian trading. They were also headed for a weekly fall.
Open-market movement
In the open market, the PKR gained 3 paise for buying and 10 paise for selling against USD, closing at 277.09 and 278.23, respectively.
Against Euro, the PKR gained 1.72 rupee for buying and 1.69 rupee for selling, closing at 306.65 and 309.92, respectively.
Against UAE Dirham, the PKR gained 1 paisa for both buying and selling, closing at 75.47 and 76.09, respectively.
Against Saudi Riyal, the PKR remained unchanged for buying and gained 2 paise for selling, closing at 73.79 and 74.36, respectively.
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Open Bid Rs 277.09
Open Offer Rs 278.23
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Interbank Closing Rates: Interbank Closing Rates For Dollar on Thursday
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Open Bid Rs 276.61
Open Offer Rs 276.81
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RUPEE IN LAHORE: The Pakistani rupee further strengthened against the US dollar and the British pound in the local currency market on Thursday.
At close of the trading, the rupee’s buying rate against the US dollar was quoted as Rs 276.50 compared with Wednesday’s rate at Rs 277.00 while selling value stood unchanged at Rs 278.50.
In comparison to the British pound, the rupee’s buying rate changed to Rs 366.80 from Rs 367.50 and selling stood pegged to its overnight level at Rs 371.00.
Copyright Business Recorder, 2026
