Rupee records gain against US dollar
Business Recorder • • 1 min read
Business Recorder reported that the Pakistani rupee added Re0.01 against the US dollar in Friday’s inter-bank trading, ending at 276.66. It had finished Thursday at 276.67, leaving the latest change marginal.
Overseas, the dollar was broadly steady against major currencies as investors sought safer assets after a steep decline in US equities. The yen briefly rose 0.2% to 157.40 per dollar, while the dollar index stood near 101.55. Traders were also awaiting the US employment report for clues about the Federal Reserve’s next steps. Oil markets remained in focus: January Brent futures gained $1.29 to $99.58 a barrel, while US WTI rose 86 cents to $91.38.
At a glance
- The rupee closed at 276.66 per dollar, up Re0.01.
- The dollar index was nearly unchanged at 101.55.
Originally reported by Business Recorder
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