{"id":575,"date":"2026-05-11T10:52:54","date_gmt":"2026-05-11T10:52:54","guid":{"rendered":"https:\/\/dailypakistannews.com\/?p=575"},"modified":"2026-05-11T10:52:54","modified_gmt":"2026-05-11T10:52:54","slug":"rupee-inches-up-against-us-dollar","status":"publish","type":"post","link":"https:\/\/dailypakistannews.com\/?p=575","title":{"rendered":"Rupee inches up against US dollar"},"content":{"rendered":"<p><strong>The Pakistani rupee continued to gain, appreciating 0.01%, against the US dollar during trading in the inter-bank market on Monday.<\/strong><\/p>\n<p>At close, the local currency settled at 278.67, a gain of Rs0.03 against the greenback.<\/p>\n<p><a href=\"https:\/\/www.brecorder.com\/news\/40420235\">On Friday<\/a>, the local unit closed at 278.70.<\/p>\n<p>Moreover, the US dollar advanced for a second day against its major peers in Asian trade on Monday.<\/p>\n<p><a href=\"https:\/\/www.brecorder.com\/news\/40420565\/dollar-gains-as-trump-says-iran-peace-offer-unacceptable\">The euro was down<\/a> 0.2% at $1.1757, the yen slipped 0.3% to 157.155 yen per dollar and the British pound was 0.3% lower at $1.3590. The risk-sensitive Australian dollar slipped 0.2% to $0.7229, while its kiwi counterpart weakened 0.3% to $0.5948.<\/p>\n<p>The Fed held rates steady last month as expected, but the decision exposed its deepest split in decades, with three officials dissenting against signalling future rate cuts.<\/p>\n<p>Meanwhile, oil prices rallied on Monday, a day after President Donald Trump said Iran\u2019s response to a U.S. peace proposal was \u201cunacceptable,\u201d raising supply fears as the <a href=\"https:\/\/www.brecorder.com\/news\/40420546\">Strait of Hormuz<\/a> stayed largely closed, which kept the global market tight.<\/p>\n<p>Brent crude futures climbed $2.70 or 2.67% to $103.99 a barrel at 0902 GMT. U.S. West Texas Intermediate was at $97.66 a barrel, up $2.24, or 2.35%. They rose to $105.99 and $100.37 a barrel, respectively, earlier in the session.<\/p>\n<p><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Pakistani rupee continued to gain, appreciating 0.01%, against the US dollar during trading in the inter-bank market on Monday. At close, the local currency settled at 278.67, a gain of Rs0.03 against the greenback. On Friday, the local unit closed at 278.70. Moreover, the US dollar advanced for a second day against its major [&hellip;]<\/p>\n","protected":false},"author":0,"featured_media":576,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[],"class_list":["post-575","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-pakistan-news"],"_links":{"self":[{"href":"https:\/\/dailypakistannews.com\/index.php?rest_route=\/wp\/v2\/posts\/575","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dailypakistannews.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dailypakistannews.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/dailypakistannews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=575"}],"version-history":[{"count":0,"href":"https:\/\/dailypakistannews.com\/index.php?rest_route=\/wp\/v2\/posts\/575\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dailypakistannews.com\/index.php?rest_route=\/wp\/v2\/media\/576"}],"wp:attachment":[{"href":"https:\/\/dailypakistannews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=575"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dailypakistannews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=575"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dailypakistannews.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=575"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}