PKR to Dollar on June 23, 2025
Staff Report
Islamabad: The Pakistani rupee lost ground against the US dollar on Monday.
It depreciated by 0.06 percent in interbank trade. The local currency closed at 283.87 against the greenback.
It recorded a daily loss of 17 paisas. The rupee had also weakened during the previous week. It lost 74 paisas or 0.26 percent last week. The rupee had closed at 283.70 against 282.96 a week earlier.
Rupee Slightly Down as Dollar Stabilizes
The data was shared by the State Bank of Pakistan. The US dollar edged higher in global markets on Monday. Investors shifted to safe assets amid Middle East tensions.
Markets awaited Iran’s reaction to US strikes on its nuclear sites.
Oil prices surged to five-month highs after the weekend attacks. Global equities dipped as geopolitical concerns mounted. The dollar advanced 0.25 percent against the Japanese yen.
It reached 146.415 after touching a one-month high. The euro slipped 0.33 percent to 1.1484 dollars. The Australian dollar fell 0.2 percent to 0.6437 dollars.
It hovered near its lowest level in over three weeks. The dollar index rose 0.12 percent to 99.037. Oil prices showed sharp swings in Monday’s session. Brent crude futures rose 8 cents to 77.09 dollars per barrel at 0904 GMT.
US West Texas Intermediate crude climbed 3 cents to 73.87 dollars. Both contracts touched fresh five-month highs earlier in the session. Brent hit 81.40 dollars and WTI reached 78.40 dollars before retreating. Prices later turned negative in European morning trade.
Brent has gained about 11 percent since June 13. WTI has risen around 9 percent in the same period. Investors priced in risk premiums without supply disruptions so far. The Middle East crisis has not yet affected physical oil flows.
