ISLAMABAD, Oct 21, 2026 – The Pakistani Rupee continued its marginal recovery against the US Dollar in the interbank market on Wednesday, gaining one paisa.
According to the State Bank of Pakistan (SBP), the local currency closed at Rs 276.86 per dollar, compared to Tuesday’s close of Rs 276.87.The Rupee has been showing gradual but consistent strength in recent weeks, with analysts saying “even one paisa matters” for market sentiment.
In the international market, the US Dollar remained under pressure on Wednesday as falling Treasury yields and lower crude oil prices reduced its appeal. The US Dollar Index, which measures the greenback against a basket of six major currencies, slipped 0.2% to 101.78.The Australian Dollar hovered near a 3-week high at $0.7013 after Deputy Governor Andrea Hauser hinted at a further interest rate hike next month amid rising inflation fears.
Meanwhile, the Chinese Yuan hit a 4-year high of 6.6765 per dollar on strong exports and a weaker dollar, before trading slightly lower at 6.6791.Oil Prices Jump Over $2Crude oil prices, a key factor for currency stability, saw a sharp rise on Wednesday.
Brent crude futures surged by $2.06 (1.9%) to $110.85 per barrel, while US West Texas Intermediate (WTI) rose $2.13 (2.2%) to $99.95 per barrel.
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