Rupee inches up against US dollar
- Settles at 277.72
The Pakistani rupee appreciated 0.10% against the US dollar on Thursday, closing at 277.72, extending its marginal gains for a second consecutive day.
- Pakistani rupee's appreciation against the US dollar.
- Thursday's closing rate of the rupee.
- Rupee's consecutive daily gains.
The Pakistani rupee extended its marginal gains, appreciating 0.01% against the US dollar on Thursday.
The local unit closed the day at 277.72, a gain of Re0.03 against the greenback.
On Wednesday, the Pakistani rupee settled at 277.75 against the dollar.
Moreover, currency markets drifted on Thursday with the yen struggling to retain intervention gains and the dollar pinned near six-week lows, as concerns about a proposed U.S.-Iran deal and jitters about upcoming US payroll data left traders cautious.
The euro was little changed at $1.1557, and sterling traded flat at $1.3469. The New Zealand dollar and the Australian dollar were also flat, last trading at $0.5885 and $0.7056, respectively.
The dollar index, which tracks the U.S. currency against six major peers, was little changed at 99.65, struggling to find direction while hovering near a six-week low.
Meanwhile, brent crude futures gained 48 cents, or 0.60%, to $79.93 a barrel by 0755 GMT. US West Texas Intermediate futures added 29 cents, or 0.39%, to $75.51 a barrel.
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