Rupee records gain against US dollar
Business Recorder • • 1 min read
The Pakistani rupee added Re0.01 against the US dollar in inter-bank trading on Friday, October 30, closing at 276.75. Business Recorder reported that the previous session had ended at 276.76, making the latest move a marginal extension of the local currency’s gains.
In international markets, the dollar index edged down to 101.77, while the yen weakened slightly to around 157.815 per dollar ahead of the Bank of Japan’s policy decision. Oil prices also rose, with Brent crude reaching $116.08 a barrel and US West Texas Intermediate at $103.37. The report noted that oil is an important indicator for currency parity, but gave no further explanation of the rupee’s daily movement.
At a glance
- The rupee closed at 276.75 per dollar, up Re0.01.
- The previous inter-bank close was 276.76.
- Brent crude rose to $116.08 a barrel.
Originally reported by Business Recorder
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