Pakistani rupee edges higher against US dollar in inter-bank market
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- Web Desk
- Oct 22, 2025
KARACHI: The Pakistani rupee (PKR) continued its upward momentum against the US dollar (USD) on Wednesday, extending its recent streak of gains in the inter-bank market amid a softer greenback in global trade.
During the morning session, the PKR was trading around Rs280.87, gaining 19 paisa or 0.07 percent against the dollar from Tuesday’s close of Rs281.06.
The local currency has now strengthened by Rs2.70, or 0.96 percent, since the start of the current fiscal year. However, it still remains weaker by Rs2.51, or 0.89 percent, on a calendar year basis.
Dollar eases in global markets
Internationally, the US dollar edged lower in early Asian trade, slipping 0.2 percent to 151.67 yen after data showed Japan’s exports rose in September for the first time in five months. The yen, however, remains down about 2.5 percent for the month, its sharpest decline since July, as political uncertainty grows in Japan with Sanae Takaichi vying for the prime minister’s office.
The dollar index, which tracks the greenback’s strength against six major currencies, was little changed at 98.888 after easing 0.1 percent, breaking a three-day winning streak.
PKR’s performance on Tuesday
In the previous trading session on Tuesday, the PKR appreciated by 0.79 paisa to close at Rs281.06 against the dollar. During the day, the currency touched an intraday high of Rs281.30 and a low of Rs282.15.
In the open market, exchange companies quoted the dollar at Rs281.15 for buying and Rs282.10 for selling. Against other major currencies, the rupee posted mixed performance.
The home unit gained 0.22 paisa against the UAE dirham to Rs76.52 and 0.50 paisa against the Japanese yen to Rs1.8597. It also rose 67.12 paisa against the British pound to close at Rs376.41 and appreciated 99.30 paisa against the euro to Rs326.82.
| Currency | Change (Paisa) | Change (%) | Closing rate | Movement |
| Euro | +99.30 | +0.30% | Rs326.82 | Gained |
| British Pound | +67.12 | +0.18% | Rs376.41 | Gained |
| Swiss Franc | -21.35 | -0.06% | Rs354.61 | Declined |
| Japanese Yen | +0.50 | +0.27% | Rs1.8597 | Gained |
| Chinese Yuan | -2.99 | -0.08% | Rs39.49 | Declined |
| Saudi Riyal | +0.21 | +0.00% | Rs74.94 | Gained |
| UAE Dirham | +0.22 | +0.00% | Rs76.52 | Gained |
However, the rupee slipped 21.35 paisa against the Swiss franc to Rs354.61 and lost 2.99 paisa against the Chinese yuan to Rs39.49.
Analysts expect the local currency to stay relatively stable in the near term, supported by improved external inflows, steady remittances, and easing demand for imports.
However, global market movements and political developments abroad are likely to keep influencing the rupee’s trajectory in the coming weeks.
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