Pakistan rupee registers gain against US dollar
BUSINESS RECORDER • • 1 min read
Business Recorder reported that the rupee edged up 0.01% against the US dollar in Friday’s inter-bank trading. It finished at 276.82 per dollar, improving by Re0.03 from Thursday’s close of 276.85.
Overseas, the dollar weakened as the yen rose 0.3% to 156.28 per dollar, supported by demand for safer assets amid renewed concerns about the durability of AI-related spending. The dollar index stood at 101.52 after reaching 101.44 on Thursday, while US 10-year Treasury yields remained near a one-month low at 4.953%. Oil also advanced, with Brent up 1.2% to $114.47 a barrel and WTI gaining 1.4% to $100.84, following concerns about Middle East supply disruptions.
At a glance
- The rupee closed at 276.82 per dollar, gaining Re0.03.
- Brent crude rose 1.2% to $114.47 a barrel.
Originally reported by BUSINESS RECORDER
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