Rupee gains against US dollar
Business Recorder • • 1 min read
According to Business Recorder, the rupee ended Tuesday at 277.05 in the interbank market, up Rs0.01 against the greenback. It had stood at 277.06 on Monday, so the currency edged slightly stronger again.
In the open market, the buy rate for dollars rose by 10 paise and the sell rate by 5 paise, reaching 277.64 and 278.88. Versus the euro, the buying rate fell 56 paise while the selling rate climbed 2 paise, and the UAE dirham and Saudi riyal both firmed slightly.
Globally, the greenback kept climbing as elevated US Treasury yields pulled it higher, with the dollar index at 102.16 and the dollar at 157.92 against the yen. Oil fell by over $2 on Tuesday after larger Middle Eastern crude shipments and a stockpile release from the G7 lessened supply worries.
At a glance
- Interbank rupee closed Tuesday at 277.05, up Rs0.01 against the dollar.
- Open-market buying and selling rates reached 277.64 and 278.88 respectively.
- The dollar index rose to 102.16 as US Treasury yields stayed elevated.
Originally reported by Business Recorder
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