Rupee records gain against US dollar

Business Recorder reported that the rupee extended its slight advance against the dollar on Wednesday, with the interbank close at 277.66. That was Rs0.01 stronger than Tuesday's finish of 277.67, while the interbank offer stood at Rs277.86. In the open market, the rupee slipped 5 paise on the buying side and 1 paisa on the selling side, ending at Rs278.58 and Rs279.62.

Versus the euro, open-market quotes firmed, with buying and selling rates now at Rs320.58 and Rs323.69 after gains of 4 and 3 paise respectively. The dirham was quoted at Rs75.81 buying and Rs76.47 selling, while the riyal stood at Rs74.13 and Rs74.69.

Globally, the dollar traded largely sideways in early Asian dealings, looking past renewed attacks on shipping in key Middle Eastern waterways ahead of inflation figures due later in the day. The dollar index rose 0.1% to 99.858, while the yen hovered near 159.335 per dollar, close to its weakest level this month, even after a recent joint US and Japanese move to support it. Brent futures fell 49 cents to $88.42 a barrel and WTI dropped 25 cents to $82.95 after forecasters trimmed their 2026 global oil demand projections.