Rupee records marginal gain against US dollar

Rupee’s Performance Against US Dollar Since 04 March 2025

const ctx = document.getElementById(‘closingRatesChart’).getContext(‘2d’);
const closingRatesChart = new Chart(ctx, {
type: ‘line’,
data: {
labels: [
“04-Mar-25”, “05-Mar-25”, “06-Mar-25”, “07-Mar-25”, “10-Mar-25”, “11-Mar-25”, “12-Mar-25”, “13-Mar-25”, “14-Mar-25”, “17-Mar-25”, “18-Mar-25”, “19-Mar-25”, “20-Mar-25”, “21-Mar-25”, “24-Mar-25”,
“25-Mar-25”, “26-Mar-25”, “27-Mar-25”, “28-Mar-25”, “03-Apr-25”, “04-Apr-25”, “07-Apr-25”, “08-Apr-25”, “09-Apr-25”, “10-Apr-25”, “11-Apr-25”, “14-Apr-25”, “15-Apr-25”, “16-Apr-25”, “17-Apr-25”, “18-Apr-25”, “21-Apr-25”, “22-Apr-25”, “23-Apr-25”, “24-Apr-25”, “25-Apr-25”, “28-Apr-25”, “29-Apr-25”, “30-Apr-25”, “02-May-25”, “05-May-25”, “06-May-25”, “07-May-25”, “08-May-25”, “09-May-25”, “12-May-25”, “13-May-25”, “14-May-25”, “15-May-25”, “16-May-25”, “19-May-25”, “20-May-25”, “21-May-25”, “22-May-25”, “23-May-25”, “26-May-25”, “27-May-25”, “29-May-25”, “30-May-25”, “02-Jun-25”, “03-Jun-25”, “04-Jun-25”, “05-Jun-25”, “10-Jun-25”, “11-Jun-25”, “12-Jun-25”, “13-Jun-25”, “16-Jun-25”, “17-Jun-25”, “18-Jun-25”, “19-Jun-25”, “20-Jun-25”, “23-Jun-25”, “24-Jun-25”, “25-Jun-25”, “26-Jun-25”, “27-Jun-25”, “30-Jun-25”, “02-Jul-25”, “03-Jul-25”, “04-Jul-25”, “07-Jul-25”, “08-Jul-25”, “09-Jul-25”, “10-Jul-25”, “11-Jul-25”, “14-Jul-25”, “15-Jul-25”, “16-Jul-25”, “17-Jul-25”, “18-Jul-25”, “21-Jul-25”, “22-Jul-25”, “23-Jul-25”, “24-Jul-25”, “25-Jul-25”, “28-Jul-25”, “29-Jul-25”, “30-Jul-25”, “31-Jul-25”, “01-Aug-25”, “04-Aug-25”, “05-Aug-25”, “06-Aug-25”, “07-Aug-25”, “08-Aug-25”, “11-Aug-25”, “12-Aug-25”, “13-Aug-25”, “15-Aug-25”, “18-Aug-25”, “19-Aug-25”, “20-Aug-25”, “21-Aug-25”, “22-Aug-25”, “25-Aug-25”, “26-Aug-25”, “27-Aug-25”, “28-Aug-25”, “29-Aug-25”, “01-Sep-25”, “02-Sep-25”, “03-Sep-25”, “04-Sep-25”, “05-Sep-25”, “08-Sep-25”, “09-Sep-25”, “10-Sep-25”, “11-Sep-25”, “12-Sep-25”, “15-Sep-25”, “16-Sep-25”, “17-Sep-25”, “18-Sep-25”, “19-Sep-25”, “21-Sep-25”, “22-Sep-25”, “23-Sep-25”, “24-Sep-25”, “25-Sep-25”, “26-Sep-25”, “29-Sep-25”, “30-Sep-25”, “01-Oct-25”, “02-Oct-25”, “03-Oct-25”, “06-Oct-25”, “07-Oct-25”, “08-Oct-25”, “09-Oct-25”, “10-Oct-25”, “13-Oct-25”, “14-Oct-25”, “15-Oct-25”, “16-Oct-25”, “17-Oct-25”, “20-Oct-25”, “21-Oct-25”, “22-Oct-25”, “23-Oct-25”, “24-Oct-25”, “27-Oct-25”, “28-Oct-25”, “29-Oct-25”, “30-Oct-25”, “31-Oct-25”, “03-Nov-25”, “04-Nov-25”, “05-Nov-25”, “06-Nov-25”, “07-Nov-25”, “10-Nov-25”, “11-Nov-25”, “12-Nov-25”, “13-Nov-25”, “14-Nov-25”, “17-Nov-25”, “18-Nov-25”, “19-Nov-25”, “20-Nov-25”, “21-Nov-25”, “24-Nov-25”, “25-Nov-25”, “26-Nov-25”, “27-Nov-25”, “28-Nov-25”, “01-Dec-25”, “02-Dec-25”, “03-Dec-25”, “04-Dec-25”, “05-Dec-25”, “08-Dec-25”, “09-Dec-25”, “10-Dec-25”, “11-Dec-25”, “12-Dec-25”, “15-Dec-25”, “16-Dec-25”, “17-Dec-25”, “18-Dec-25”, “19-Dec-25”, “22-Dec-25”, “23-Dec-25”, “24-Dec-25”, “26-Dec-25”, “29-Dec-25”, “30-Dec-25”, “31-Dec-25”, “02-Jan-26”, “05-Jan-26”, “06-Jan-26”, “07-Jan-26”, “08-Jan-26”, “09-Jan-26”, “12-Jan-26”, “13-Jan-26”, “14-Jan-26”, “15-Jan-26”, “16-Jan-26”, “19-Jan-26”, “20-Jan-26”, “21-Jan-26”, “22-Jan-26”, “23-Jan-26”, “26-Jan-26”, “27-Jan-26”, “28-Jan-26”, “29-Jan-26”, “30-Jan-26”, “02-Feb-26”, “03-Feb-26”, “04-Feb-26”, “06-Feb-26”, “09-Feb-26”, “10-Feb-26”, “11-Feb-26”, “12-Feb-26”, “13-Feb-26”, “16-Feb-26”, “17-Feb-26”, “18-Feb-26”, “20-Feb-26”, “23-Feb-26”, “24-Feb-26”, “25-Feb-26”, “26-Feb-26”, “27-Feb-26”, “02-Mar-26”, “03-Mar-26”, “04-Mar-26”
],
datasets: [{
label: ‘Closing Rates’,
data: [
279.77, 279.87, 279.82, 279.97, 280.07, 279.95, 279.97, 280.05, 280.21, 280.17, 280.27, 280.21, 280.22, 280.26, 280.37, 280.42, 280.26, 280.22, 280.16, 280.56, 280.47, 280.57, 280.73, 280.78, 280.56, 280.47, 280.60, 280.57, 280.46, 280.62, 280.72, 280.87, 280.77, 280.97, 281.07, 280.97, 281.07, 281.02, 280.97, 281.06, 281.22, 281.37, 281.47, 281.52, 281.71, 281.57, 281.67, 281.72, 281.61, 281.66, 281.77, 281.92, 281.97, 282.06, 281.97, 282.06, 282.17, 282.07, 282.02, 281.97, 282.12, 282.22, 282.17, 282.21, 282.47, 282.67, 282.96, 283.17, 283.41, 283.55, 283.64, 283.70, 283.87, 283.77, 283.72, 283.67, 283.72, 283.76, 283.95, 283.86, 283.97, 284.22, 284.36, 284.47, 284.56, 284.46, 284.72, 284.67, 284.96, 284.97, 284.87, 284.95, 284.97, 284.76, 284.22, 283.45, 283.21, 283.05, 282.95, 282.87, 282.72, 282.66, 282.57, 282.67, 282.56, 282.47, 282.45, 282.42, 282.22, 282.06, 282.01, 281.96, 281.95, 281.92, 281.90, 281.87, 281.86, 281.83, 281.8, 281.77, 281.75, 281.72, 281.71, 281.67, 281.65, 281.62, 281.61, 281.60, 281.56, 281.55, 281.52, 281.51, 281.50, 281.47, 281.46, 281.45, 281.46, 281.42, 281.43, 281.41, 281.37, 281.35, 281.32, 281.31, 281.27, 281.26, 281.25, 281.22, 281.21, 281.20, 281.17, 281.16, 281.15, 281.12, 281.11, 281.10, 281.07, 281.06, 281.05, 281.03, 281.02, 281.01, 280.97, 280.96, 280.92, 280.91, 280.90, 280.87, 280.86, 280.85, 280.82, 280.81, 280.78, 280.77, 280.76, 280.72, 280.71, 280.67, 280.66, 280.66, 280.65, 280.62, 280.61, 280.57, 280.56, 280.55, 280.52, 280.51, 280.47, 280.46, 280.45, 280.42, 280.41, 280.40, 280.37, 280.36, 280.32, 280.31, 280.30, 280.27, 280.26, 280.25, 280.22, 280.21, 280.20, 280.17, 280.16, 280.15, 280.12, 280.11, 280.10, 280.07, 280.06, 280.05, 280.02, 280.01, 280.0, 279.97, 279.96, 279.95, 279.92, 279.91, 279.90, 279.87, 279.86, 279.85, 279.82, 279.81, 279.80, 279.77, 279.76, 279.75, 279.72, 279.71, 279.70, 279.67, 279.66, 279.65, 279.62, 279.61, 279.60, 279.57, 279.56, 279.55, 279.52, 279.51, 279.50, 279.47, 279.46, 279.45, 279.42

],
borderColor: ‘black’,
borderWidth: 1,
fill: false,
pointRadius: 3
}]
},
options: {
responsive: true,
plugins: {
legend: {
display: false
}
},
scales: {
x: {
title: {
display: true,
text: ‘Date’
}
},
y: {
title: {
display: true,
text: ‘Closing Rate’
}
}
}
}
});

The Pakistani rupee registered marginal gain against the US dollar, appreciating 0.01% in the inter-bank market on Wednesday.

At close, the local currency settled at 279.42, a gain of Re0.03 against the greenback.

On Tuesday, the local unit closed at 279.45.

Globally, the dollar rallied to a three-month high in early trading in Asia on Wednesday, with ‌investors retreating from the euro as the growing conflict in the Middle East sparked fears of a sustained rise in energy prices.

The euro traded down 0.3% at $1.1581, extending losses into a third day after earlier hitting its weakest since late November.

Financial markets resumed their selloff on Wednesday as ​growing fears of a surge in inflation rippled across stocks and bonds after Israeli and US forces pounded targets across Iran, prompting a rush for cash among investors.

The US ⁠dollar index, which measures the greenback’s strength against a basket of six currencies, was up 0.2% at 99.284, its strongest since November 28.

Against the yen, the dollar was flat at 157.68 ​yen.

Moreover, oil prices rose 3% on Wednesday as the US-Israeli war on Iran disrupted Middle East supplies, but the pace of gains slowed from past sessions after President Donald Trump suggested the US Navy could escort vessels through the Strait of Hormuz.

Brent rose $2.67, or 3.3%, to $84.07 a barrel by 0659 GMT, after closing on Tuesday at its highest since January 2025.

US West Texas Intermediate crude rose $2.24, or 3%, to $76.8, after settling at its highest since June.

Both benchmarks have risen about 5% or more in the past two sessions.