{"id":794,"date":"2026-05-12T11:50:04","date_gmt":"2026-05-12T11:50:04","guid":{"rendered":"https:\/\/dailypakistannews.com\/?p=794"},"modified":"2026-05-12T11:50:04","modified_gmt":"2026-05-12T11:50:04","slug":"rupee-inches-up-against-us-dollar-2","status":"publish","type":"post","link":"https:\/\/dailypakistannews.com\/?p=794","title":{"rendered":"Rupee inches up against US dollar"},"content":{"rendered":"

Rupee’s Performance Against US Dollar Since 04 March 2025<\/h3>\n

The Pakistani rupee continued to gain against the US dollar during trading in the inter-bank market on Tuesday.<\/strong><\/p>\n

At close, the local currency settled at 278.66, a gain of Re0.01 against the greenback.<\/p>\n

On Monday<\/a>, the local unit closed at 278.67.<\/p>\n

The US dollar held its ground on Tuesday.<\/p>\n

The euro last bought<\/a> $1.1775, while sterling was at $1.3602, both steady on the day. The dollar index, which measures the U.S. currency against six others, was at 97.98.<\/p>\n

The dollar initially benefited from safe haven flows when the war first broke out, but has since given up much of those gains and remains choppy on shaky prospects of a peace deal and a ceasefire that appears to be hanging by a thread.<\/p>\n

Meanwhile, oil prices rose nearly 1% on Tuesday.<\/p>\n

Brent crude futures were up 86 cents, or 0.8%<\/a>, at $105.07 per barrel, while U.S. West Texas Intermediate gained 99 cents, or 1%, to $99.06 at 0411 GMT.<\/p>\n

Both benchmarks increased nearly 2.8% on Monday.<\/p>\n

Saudi Aramco<\/u><\/a> CEO Amin Nasser on Monday warned that disruptions to oil exports through the strait could delay a return to market stability until 2027, with the loss of about 100 million barrels of oil per week.<\/p>\n

Elsewhere on the supply front, U.S. crude stocks were forecast by analysts in a Reuters<\/em> poll to be down by around 1.7 million barrels in the previous week.<\/p>\n","protected":false},"excerpt":{"rendered":"

Rupee’s Performance Against US Dollar Since 04 March 2025 The Pakistani rupee continued to gain against the US dollar during trading in the inter-bank market on Tuesday. At close, the local currency settled at 278.66, a gain of Re0.01 against the greenback. On Monday, the local unit closed at 278.67. The US dollar held its […]<\/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-794","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\/794","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=794"}],"version-history":[{"count":0,"href":"https:\/\/dailypakistannews.com\/index.php?rest_route=\/wp\/v2\/posts\/794\/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=794"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dailypakistannews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=794"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dailypakistannews.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=794"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}