The Pakistani rupee recorded a slight improvement against the US dollar in the inter-bank market on Friday, reflecting minimal change amid global currency fluctuations overall.
At the close of trading, the local currency settled at 279.86, registering a gain of Re0.01 against the US dollar compared with Thursday’s previous closing value.
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On Thursday, the Pakistani rupee had ended the session at 279.87, showing stability despite heightened volatility in global financial markets influenced by recent geopolitical developments.
Internationally, the US dollar was poised for its biggest weekly drop in a year after President Donald Trump’s Greenland threats unsettled investor sentiment across markets.
Read More: Gold Prices Hit New Record in Pakistan
Shifting geopolitical events weighed heavily on investor confidence as Trump claimed securing US access to Greenland through NATO, while ruling out taking the autonomous Danish territory by force.
The dollar index, which tracks the US currency against six major units, stood at 98.366 after dropping 0.58 percent, marking its worst weekly performance since January 2025.
The euro remained steady at $1.1746 near a three-week high, while sterling traded at $1.3496, close to a two-week peak reached in the previous trading session.
Oil prices rebounded after Trump renewed threats against Iran, with Brent crude rising 29 cents to $64.35 a barrel and WTI climbing 29 cents to $59.65.
