Rupee records gain against US dollar
Business Recorder • • 1 min read
Business Recorder reported that the rupee edged up 0.01% against the US dollar in Monday’s inter-bank trading, ending at 276.72. The move amounted to a three-paisa gain, following a 0.03% rise over the previous week, when the currency finished at 276.75 compared with 276.82 a week earlier, according to State Bank of Pakistan data.
International currency markets were mostly steady as traders focused on the US midterm elections and upcoming economic releases and central bank rate decisions. The euro traded near a 17-month low at $1.1159, while sterling stood at $1.3387 and the dollar index was at 101.94. Oil prices also fell by more than 3% during Monday trading, with Brent at $109.75 a barrel and US crude at $100.69, amid talks concerning the Iran conflict.
At a glance
- The rupee gained three paisa to close at 276.72 per US dollar.
- Brent crude fell 3.2% to $109.75 a barrel.
Originally reported by Business Recorder
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