The Pakistani rupee extended its gains, appreciating 0.01% against the US dollar to close at 277.92 on Tuesday, a gain of Re0.03. This occurred as the US dollar index hovered near a one-week high of 100.96, driven by conflicting Middle East signals. Meanwhile, oil prices softened, with Brent crude easing to $88.87 per barrel. A stronger rupee could potentially ease import costs, indirectly influencing local gold prices by affecting the cost of imported bullion or the overall economic sentiment.
بحوالہ / Source: www.brecorder.com