The Pakistani rupee gained slightly, closing at 277.96 against the US dollar, a Re0.01 improvement. Globally, the dollar index fell to 100.72, poised for a 0.24% weekly drop, as softer US inflation data reduced expectations for Federal Reserve rate hikes. Meanwhile, oil prices rose, with Brent crude reaching $85.28 and WTI $79.98, amid escalating US-Iran hostilities. A stronger rupee and a weaker international dollar could potentially ease imported inflation pressures and support local gold prices, though rising oil prices might temper this effect.
بحوالہ / Source: www.brecorder.com