ISLAMABAD: The Pakistani rupee gained one paisa against the US dollar in the interbank market on Thursday, closing at Rs276.76 compared with the previous close of Rs276.77.
According to market data, the dollar’s buying rate stood at Rs276.76, while its selling rate was Rs276.96.
In the open market, the rupee strengthened by five paisa in buying and four paisa in selling against the dollar. The greenback closed at Rs277.48 for buying and Rs278.62 for selling.
However, the rupee weakened against several other major currencies in the open market. Against the euro, it lost 47 paisa in buying and 10 paisa in selling, with the European currency closing at Rs308.85 and Rs311.73, respectively.
Against the UAE dirham, the rupee lost two paisa in buying and one paisa in selling, with the currency closing at Rs75.62 and Rs76.19, respectively.
The rupee also weakened against the Saudi riyal, losing three paisa in buying and one paisa in selling. The riyal closed at Rs73.96 for buying and Rs74.48 for selling.
In international markets, the US dollar steadied after the Federal Reserve kept interest rates unchanged, leaving investors uncertain about the future direction of monetary policy.
Meanwhile, oil prices fell on Thursday as hopes for renewed peace talks eased concerns over potential supply disruptions linked to the escalating conflict in the Middle East. Brent crude declined 1.34% to $113.77 per barrel, while US West Texas Intermediate crude fell 1.95% to $100.78.