The Indian Rupee's path this week depends on crude oil prices, with Brent topping $90 amid intensifying US-Iran conflict threatening the Strait of Hormuz. The rupee closed at 96.28 per dollar, down 1% weekly, nearing its all-time low of 96.96, and could hit fresh lows if Brent crosses $95. Traders expect the central bank to intervene as risks for FX volatility and the dollar are skewed to the upside. For Pakistan, rising global oil prices and a stronger dollar could increase imported inflation and put further pressure on the USD/PKR rate and local gold prices.
بحوالہ / Source: www.brecorder.com