The Indian Rupee rallied 0.7% to 95.91 per dollar, reaching a two-week high, primarily driven by persistent Reserve Bank of India intervention defending the 97 level and a retreat in crude oil prices. Brent crude fell 1.5% to $87.06 per barrel, adding to an 8.7% drop. Meanwhile, the US dollar index hovered near a one-month high, supported by expectations of a potential Federal Reserve interest-rate increase. This broad dollar strength and falling oil prices could influence international gold prices and potentially ease import costs for Pakistan.
بحوالہ / Source: www.brecorder.com