KARACHI: The US dollar rate in Pakistan marginally weakened by Re0.02 (02 paisa) to Rs279.36 against the Pakistani rupee in the interbank market on Friday (Feb 16), as per the State Bank of Pakistan (SBP).
Internationally, the US dollar was steady on Friday on track for its fifth straight weekly gain, as investors take stock of economic data and firm expectations of the Federal Reserve cutting rates in June, while the yen traded at the psychologically key 150 per dollar level.
The dollar index, which measures the US currency against six major rivals, was up 0.09% at 104.35 on Friday, having eased 0.4% on Thursday.
The index is on course to eke out a 0.2% gain for the week, its fifth in a row.
Inter-bank market rates for dollar on Friday
BID Rs 279.36
OFFER Rs 279.56
Open-market movement
In the open market, the PKR lost 10.00 paisa for buying and 17.00 paisa for selling against USD, closing at 279.32 and 281.77, respectively.
Against Euro, the PKR lost 48.00 paisa for buying and 43.00 paisa for selling, closing at 299.53 and 302.30, respectively.
Against UAE Dirham, the PKR lost 6.00 paisa for both buying and selling, closing at 76.08 and 76.81, respectively.
Against Saudi Riyal, the PKR gained 2.00 paisa for buying and remained unchanged for selling, closing at 74.25 and 74.95, respectively.
Open-market rates for dollar on Friday
BID Rs 279.32
OFFER Rs 281.77
