PKR to Dollar on May 8, 2025

Staff Report
Islamabad: The Pakistani rupee on Thursday continued witnessing a downward trend for the fifth consecutive session and depreciated by 0.02% against the US dollar in the interbank market.

The State Bank of Pakistan revealed that the local currency closed at PKR 281.52 against previous day rate of Rs 281.47, down by Re0.05.

Though US dollar had remained steady against major currencies, but Pakistani currency witnessed a decline in wake of low activity in forex market.

The Federal Open Market Committee (FOMC) had maintained interest rates on Wednesday in line with the expectations of investors.Pakistani Rupee against Dollar Today-May 7, 2025.

Oil prices also remained steady. Brent crude went up $0.43 to $61.55. WTI crude also witnessed increase of $0.49 to $58.56 per barrel.