The Pakistani rupee extended its gains against the US dollar on Wednesday, closing at 277.91, a Re0.01 improvement from Tuesday's 277.92. Meanwhile, the US dollar gained broadly overnight, supported by its safe-haven status and rising oil prices amidst continued US strikes on Iran and Middle East conflict. Brent crude futures rose 0.55% to $91.51, and US West Texas Intermediate climbed 0.36% to $84.64. This combination of a stronger dollar and higher oil prices could exert upward pressure on international gold rates, potentially influencing local gold and currency markets.
بحوالہ / Source: www.brecorder.com