The Indian rupee closed 0.1% weaker at 96.3450 per dollar, unable to benefit from broader Asian currency strength and Brent crude dipping below $85. Elevated dollar demand, partly due to maturing non-deliverable forward contracts, pushed the rupee near two-month lows, with analysts seeing further depreciation risk. Meanwhile, geopolitical tensions in the Middle East, specifically US-Iran conflict, present upside risks to crude oil prices despite the recent dip. This regional currency weakness and potential for rising oil prices could exert pressure on Pakistan's import bill and the Pakistani Rupee, potentially influencing local gold prices.
بحوالہ / Source: www.brecorder.com