The Pakistani rupee continued gain against US dollar and appreciated 0.01% in the inter-bank market, closing at 280.87.
Earlier, the Pakistani rupee recorded a mild gain against the US dollar on Tuesday and appreciated 0.08% in the inter-bank market on Tuesday early trade The Pakistani rupee stood at 280.67 against US dollar around 10am. It was up Rs0.23 from the previous closing rate of 280.90.
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Globally, the US dollar held near a three-month high after a divided Federal Reserve signaled caution on further interest rate cuts.
Read More: Pakistani Rupee on November 3, 2025
The dollar index rose 0.1% to 99.99. The yen slipped to 154.38 against US dollar in early Asian hours. It was close to last week’s eight-and-a-half-month low.
Meanwhile, investors awaited the Reserve Bank of Australia’s policy decision as majority of them expected to maintain rates amid a mixed global economic outlook.
Oil markets, which is considered to be a key factor influencing exchange rate trends in Pakistan, witnessed little change in early trade.
Brent crude futures slipped 0.1% to $64.80 per barrel. US West Texas Intermediate fell 0.2% at $60.95. OPEC+ over the weekend agreed to a modest production increase for December while pausing output hikes in the first quarter of 2025 to stabilize prices amid concerns of oversupply.
