The Pakistani rupee remained broadly stable against the US dollar on Wednesday, appreciating by 0.83 paisa in the interbank market to close at 279.90 per USD compared to 279.91 in the previous session. During intraday trade, the currency reached a high of 280.30 (bid) and a low of 280.95 (ask).

In the open market, the dollar was quoted at 280.30 for buying and 280.95 for selling.

Against major currencies, the rupee posted mixed performance. It weakened 0.20% against the Euro and Swiss Franc, while gaining 0.31% against the British Pound. Minor movements were recorded against regional currencies, with small gains versus the Chinese Yuan, Saudi Riyal and UAE Dirham, and a modest decline against the Japanese Yen.

So far in FY26, the rupee has strengthened 3.86 rupees or 1.38% against the US dollar, while posting an improvement of 21.98 paisa or 0.08% during the ongoing calendar year.

In the money market, the six-month Karachi Interbank Bid and Offer rates edged higher by 1bps to 10.06% and 10.31%.