Pakistan Rupee against Dollar on May 6, 2025

Staff Report:

Islamabad: The Pakistani rupee against US dollar on Tuesday registered a depreciation 0.05% in the inter-bank market.

At close of market, the local currency stood at 281.37, registering a loss of Rs0.15 against the greenback.

The rupee on Monday closed at 281.22 against US dollar.

The Taiwan dollar on Monday had witnessed a hike to a three-year high of 29.59 per dollar. It had registered leapt 8% in two days following US-Taiwan trade talks in Washington.SSDO Condoles Pakistani Deaths in Spain, Urges Migration Reform

It had stood steady last at 30.02 per US dollar.

Oil that is considered to be a key indicator of currency parity had remained steady on Tuesday.

Though it had hit four-year lows in the previous session following an OPEC+ decision to increase output.

It had caused fears of oversupply at a time when US tariffs had raised concerns regarding demand.

Brent crude futures had also went up 10 cents and reached $60.33 a barrel by 0050 GMT.

However, US West Texas Intermediate crude had also increased 10 cents and touched $57.23 a barrel.