KARACHI: The Pakistani rupee remained largely stable against the US dollar on Wednesday, depreciating slightly by 0.01% in the inter-bank market.

The currency closed at 278.85, a loss of Re0.03 compared to the previous session's rate of 278.82, according to the State Bank of Pakistan (SBP). Internationally, the US dollar edged lower amid indecisive trading, with a lack of clarity on President Donald Trump's tariff plans keeping markets cautious. On Tuesday, Trump discussed imposing a 10% tariff on Chinese goods starting February 1, alongside potential duties on European imports. However, the absence of concrete plans caused the US dollar to start the week with a 1.2% decline against major peers. Despite this, the dollar stabilized later, ending flat as US officials signaled that any new tariffs would be introduced gradually. Oil prices, a key factor in currency parity, also dipped, extending earlier declines as markets evaluated Trump's energy policies, including his national energy emergency declaration. Brent crude futures fell 0.5% to $78.93 per barrel, and US West Texas Intermediate crude dropped 0.6% to $75.37.In the open market, the Pakistani rupee gained 1 paisa for buying but lost 2 paisa for selling against the US dollar, closing at 279.32 for buying and 281.26 for selling. The rupee also experienced a slight depreciation against the Euro, UAE Dirham. , and Saudi Riyal.