Rupee registers gain against US dollar

Business Recorder reported that the rupee edged up by Re0.01 against the US dollar in inter-bank trade on Thursday, closing at 276.61. It had finished Wednesday at 276.62, making the latest change a small daily gain.

Overseas, the dollar index advanced 0.15% to 103.02, its highest level since April 2025, as traders increased expectations of Federal Reserve rate rises following stronger-than-expected October inflation and hawkish comments from US officials. Oil also moved lower: Brent fell $1.47 to $91.29 a barrel and US West Texas Intermediate declined $1.24 to $85.29, with easing Middle East risk concerns, higher OPEC+ output and rising US inventories weighing on crude. The rupee’s move was modest alongside these international currency and oil-market developments.