The Pakistani rupee continued its modest upward movement against the US dollar in intra-day trading on Monday, showing a slight appreciation of 0.06% in the inter-bank market.
At 10 a.m., the rupee was trading at 280.75, gaining Re. 0.16 against the greenback. During the previous week, the local currency had also posted minor gains, closing at Rs. 280.91 compared to Rs. 281.02 a week earlier, according to data released by the State Bank of Pakistan (SBP).
Globally, the US dollar held near a three-month high as traders awaited fresh economic data to gauge the health of the US economy and its possible influence on the Federal Reserve’s monetary stance. Meanwhile, the Japanese yen remained under pressure due to wide interest rate gaps between Japan and the United States.
Trading remained subdued across Asia due to a public holiday in Japan, keeping most regional currencies within narrow ranges.
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Oil prices, which also impact currency movements, saw mild gains as OPEC+ decided to delay production hikes in early 2026. Brent crude traded at $65.01 per barrel, while WTI crude stood at $61.19, both posting slight increases.
The rupee’s stability continues to reflect controlled demand for dollars and a stable oil outlook, with market observers expecting limited fluctuations in the short term.
