Rupee’s Performance Against US Dollar Since 04 March 2025
The Pakistani rupee registered improvement against the US dollar, appreciating 0.01% in the inter-bank market on Wednesday.
At close, the local currency settled at 280.27, a gain of Re0.03 against the greenback, according to the State Bank of Pakistan (SBP).
On Tuesday, the local unit closed at 280.30.
Pakistan’s current account posted a surplus of $100 million in November 2025, data released by the SBP showed on Wednesday.
The deficit follows a deficit of $291 million recorded in October 2025, which was originally reported to be at $112 million, and a surplus of $684 million in November 2024.
The surplus came the back of a significantly lower import bill during the month.
Globally, the US dollar was steady on Wednesday and near its lowest since the start of October after data showed the labour market remained soft, leaving investors on edge about when the next rate cut from the Federal Reserve is likely to come.
The euro was last at $1.1751 in Asian hours, just shy of the 12-week high it touched in the previous session ahead of the policy decision from the European Central Bank on Thursday, where the central bank is expected to hold rates steady.
The dollar index, which measures the US currency against six rivals, was at 98.193, hovering near the lowest level since October 3 which it hit on Tuesday.
The index is down 9.5% this year, on pace for its steepest annual decline since 2017.
While the US economy added 64,000 jobs in November, surpassing an estimate from economists polled by Reuters, the unemployment rate was at 4.6% last month, although the 43-day government shutdown distorted the data. Still, markets and analysts were unsure if the report had changed the policy outlook much and awaited the inflation report due on Thursday.
Oil prices, a key indicator of currency parity, rallied more than 1% on Wednesday after US President Donald Trump ordered a complete blockade of all sanctioned oil tankers entering and leaving Venezuela, raising global political tensions at a time of concern over demand.
Brent crude futures were up 81 cents, or 1.37%, at $59.73 a barrel at 1414 GMT, while US West Texas Intermediate crude was up 74 cents, or 1.34%, to $56.01 a barrel.
Inter-bank market rates for dollar on Wednesday
BID Rs 280.27
OFFER Rs 280.47
Open-market movement
In the open market, the PKR lost 1 paisa for buying and gained 5 paise for selling against USD, closing at 280.72 and 281.30, respectively.
Against Euro, the PKR gained 87 paise for buying and 60 paise for selling, closing at 328.47 and 331.57, respectively.
Against UAE Dirham, the PKR remained unchanged for buying and lost 1 paisa for selling, closing at 76.56 and 77.34, respectively.
Against Saudi Riyal, the PKR lost 1 paisa for buying and remained unchanged for selling, closing at 74.79 and 75.39, respectively.
Open-market rates for dollar on Wednesday
BID Rs 280.72
OFFER Rs 281.30
