The Pakistani rupee gained Re0.03 (0.01%) against the US dollar on Thursday, closing at 277.97, marking its strongest level in 19 months. This occurred as the US dollar index hovered near a one-month low, influenced by soft US inflation data suggesting a patient Federal Reserve. Crude oil prices also rose over 1% due to escalating Middle East tensions. A stronger rupee typically makes imported gold cheaper in local currency, potentially affecting local gold prices.
بحوالہ / Source: www.brecorder.com