Rupee inches up as dollar firms globally

Pakistani rupee closes at 279.45 against dollar, while gaining Re0.01, as safe-haven demand lifts greenback amid widening Middle East conflict.

The Pakistani rupee registered a marginal gain against the US dollar in the inter-bank market on Tuesday.Pakistani Rupee Continues Gain

At close, the local currency settled at 279.45, registering a gain of Re0.01 against the US dollar. Pakistani rupee had closed slightly weaker at 279.46 on Monday.

The euro steadied after sliding more than 1% in the previous session amid doubts about when oil shipments from the region would be restored. It edged up 0.07% to $1.1695 during Tuesday’s trade.

The dollar index, which measures the greenback against a basket of currencies, traded at 98.49 after posting a 0.9% surge in the previous session, reflecting broad-based dollar strength.

The Japanese yen tacked on 0.09% to 157.2 per dollar after tumbling 0.8% a day earlier. Sterling was little changed at $1.3407, indicating limited movement in the British currency despite the volatile backdrop.