Rupee gains ground against US dollar – Markets

Rupee’s Performance Against US Dollar Since 04 March 2025

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

At close, the local currency settled at 279.07, a gain of Re0.03, against the greenback.

On Friday, the local unit closed at 279.10.

Meanwhile, the US dollar was steady on Monday, while the yen flirted with the crucial 160 per dollar level as nervous investors took ​stock of the escalating Iran war.

The euro eased 0.13% to $1.151 in early trading, while sterling last fetched $1.3187. ​

The dollar index, which measures the US currency against six rivals, was at 100.2.

The Australian dollar was 0.13% higher at $0.6893, wobbling near the two-month low it hit last week.

Additionally, oil prices were little changed in choppy trade on Monday.

Oil prices inched up in choppy ​trade on Monday, as investors awaited clarity on the status of talks between the US and Iran and remained ‌wary about sustained supply losses due to shipping disruptions.

Brent crude futures were up 0.1% to $109.13 a barrel at 1326 GMT. U.S. West Texas Intermediate crude futures were trading up 0.69%, or 77 cents, at $112.31 per barrel.

Inter-bank market rates for dollar on Monday

BID Rs 279.07

OFFER Rs 279.27

Open-market movement

In the open market, the PKR lost 8 paise for buying and gained 5 paise for selling against USD, closing at 279.31 and 280.13, respectively.

Against Euro, the PKR lost 10 paise for buying and gained 14 paise for selling, closing at 321.28 and 324.42, respectively.

Against UAE Dirham, the PKR lost 3 paise for buying and remained unchanged for selling, closing at 75.97 and 76.86, respectively.

Against Saudi Riyal, the PKR lost 6 paise for buying and 1 paisa for selling, closing at 74.27 and 75.05, respectively.

Open-market rates for dollar on Monday

BID Rs 279.31

OFFER Rs 280.13