Rupee’s Performance Against US Dollar Since 04 March 2025
The Pakistani rupee posted marginal gain against the US dollar in the inter-bank market on Thursday.
At close, the local currency settled at 281.11, up by Re0.01 against the US dollar.
On Wednesday, the local unit closed at 281.12, according to the State Bank of Pakistan (SBP).
The foreign exchange reserves held by the SBP increased by $21 million on a weekly basis, reaching $14.44 billion as of October 10, 2025, data released on Thursday showed. According to the central bank, total liquid foreign reserves stood at $19.81 billion, while net foreign reserves held by commercial banks were recorded at $5.37 billion.
Internationally, the US dollar slipped on Thursday as the Sino-US trade war sapped investor sentiment, while growing confidence of the US Federal Reserve cutting its policy interest rate this year also weighed on the greenback.
The euro rose 0.14% to $1.1664 in early trade, hitting a one-week high. The yen also firmed to a one-week high of 150.52 per dollar.
The dollar index, which measures the greenback against six other currencies, was down 0.16% at 98.512, headed for a weekly decline of 0.33%.
Investor focus has been on the trade spat between the world’s biggest economies, with US officials blasting China’s expansion of rare earth export controls as a threat to global supply chains.
China’s commerce ministry defended the controls, pointing to US measures on Chinese goods and companies and calling US criticism hypocritical.
Oil prices, a key indicator of currency parity, were stable on Thursday as traders prepared for a potential halt to India’s Russian oil imports, which could reshape flows and boost demand for supplies from elsewhere.
US President Donald Trump said Indian Prime Minister Narendra Modi had pledged on Wednesday that India would stop buying from Russia, which is India’s top supplier, accounting for about one-third of its oil imports.
Inter-bank market rates for dollar on Thursday
BID Rs 281.11
OFFER Rs 281.31
Open-market movement
In the open market, the PKR gained 2 paise for buying and remained unchanged for selling against USD, closing at 281.61 and 282.15, respectively.
Against Euro, the PKR lost 1.01 rupee for buying and 1 rupee for selling, closing at 327.98 and 331.07, respectively.
Against UAE Dirham, the PKR lost 4 paise for buying and 3 paise for selling, closing at 76.80 and 77.58, respectively.
Against Saudi Riyal, the PKR lost 4 paise for buying and 2 paise for selling, closing at 75.05 and 75.67, respectively.
Open-market rates for dollar on Thursday
BID Rs 281.61
OFFER Rs 282.15
