Rupee records gain against US dollar

Business Recorder reported that the rupee pushed further ahead against the US dollar on Monday, firming by 0.01 per cent. The currency finished the session at 277.62, a move of Rs0.03 in its favour against the greenback. The rupee had closed at 277.65 against the dollar the previous Thursday.

Elsewhere in currency markets, the US dollar index, which tracks the greenback against six currencies, slipped 0.1 per cent to 99.519, close to its lowest point of the month. The euro showed no change at $1.1573, whereas sterling rose 0.1 per cent to $1.3546. The Australian dollar and the kiwi were both unchanged, at $0.7085 and $0.5891 respectively.

Crude oil prices were mixed in early trading. Brent crude futures touched $89.40 a barrel, a rise of up to 1 per cent, before slipping to $89.28 by 0620 GMT, 24 cents lower. West Texas Intermediate futures lost 67 cents to $81.74 a barrel.