Rupee’s Performance Against US Dollar Since 04 March 2025
The Pakistani rupee registered a marginal gain against the US dollar in the inter-bank market on Wednesday.
At close, the currency settled at 281.31, a gain of Re0.01 against the greenback.
On Tuesday, the local unit closed at 281.32.
Pakistan’s headline inflation clocked in at 5.6% on a year-on-year (YoY) basis in September 2025, showed Pakistan Bureau of Statistics (PBS) data on Wednesday, a reading significantly higher than the Finance ministry’s estimate of 3.5-4.5%.
Pakistan successfully repaid its $500 million Eurobond that matured on September 30, 2025, the Ministry of Finance announced.
Globally, the US dollar hovered near a one-week low versus major peers on Wednesday as the US government entered a shutdown that is likely to delay the release of crucial jobs data.
Government funding expired at midnight in Washington after Republicans and Democrats failed to agree on a last-minute interim deal.
The dollar index, which gauges the currency against six counterparts including the euro and yen, stood at 97.814 as the deadline passed. It had fallen as low as 97.633 overnight for the first time since last Wednesday.
US President Donald Trump warned congressional Democrats on Tuesday that letting the federal government shut down would allow his administration to take “irreversible” actions, including closing programs important to them.
The US Labor and Commerce departments said their statistics agencies would halt data releases in the event of a partial shutdown. That includes Friday’s scheduled nonfarm payrolls release, which is seen by markets as key in determining whether a Federal Reserve interest rate cut is likely at the end of this month.
The euro edged up slightly to $1.1738, after rising to the highest since September 24 at $1.1762 on Tuesday.
The dollar was flat at 147.92 yen following a three-day 1.2% slide.
Oil prices, a key indicator of currency parity, prices fell to a 17-week low on Wednesday, down for a third straight day on a US government shutdown fed worries about the global economy, while traders expected more oil supply to come on the market with a planned output boost by OPEC+ next month.
Brent crude futures fell 72 cents, or 1.1%, to $65.31 a barrel at 10:39 a.m. EDT (1439 GMT). U.S. West Texas Intermediate (WTI) crude fell 68 cents, or 1.1%, to $61.69.
Brent was headed for its lowest settlement since June 4 and WTI for its lowest since May 30.
Inter-bank market rates for dollar on Wednesday
BID Rs 281.31
OFFER Rs 281.50
Open-market movement
In the open market, the PKR gained 1 paisa for buying and remained unchanged for selling against USD, closing at 281.91 and 282.35, respectively.
Against Euro, the PKR lost 22 paise for buying and 9 paise for selling, closing at 330.70 and 333.69, respectively.
Against UAE Dirham, the PKR gained 8 paise for buying and 9 paise for selling, closing at 76.80 and 77.56, respectively.
Against Saudi Riyal, the PKR gained 6 paise for buying and 7 paise for selling, closing at 75.02 and 75.66, respectively.
Open-market rates for dollar on Wednesday
BID Rs 281.91
OFFER Rs 282.35
