{
  "id": 11427613,
  "title": "Rupee records gain against US dollar",
  "url": "https://urgent.news/2026/10/02/rupee-records-gain-against-us-dollar",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-02T11:22:42.000Z",
  "source": {
    "name": "Business Recorder",
    "slug": "business-recorder",
    "url": "https://www.brecorder.com/news/40442349/intra-day-update-rupee-records-gain-against-us-dollar"
  },
  "original_language": "en",
  "account": "The Pakistani rupee recorded a slight gain against the US dollar on Friday, increasing by 0.01% in the interbank market. The local currency closed at 277.07 per dollar, marking a rise of Re0.03 from Thursday's settlement at 277.10. Globally, the US dollar experienced its third consecutive weekly increase, reaching a 17-month high as bond market turmoil drove borrowing costs to multi-decade peaks amid inflation concerns over rising oil prices. The Federal Reserve's upcoming jobs report, which may provide insight into the near-term policy stance, triggered investor panic following a sharp global bond sell-off. The bond market's volatility prompted a sell-off in currencies and commodities, with the euro hovering near its lowest level since May 2025 and the yen remaining steady. The dollar index surged by 1% this week, marking three consecutive weekly gains. Meanwhile, US consumer prices rose less than anticipated in August, leading traders to lower expectations of a Federal Reserve rate hike this month. Policymakers hinted at a more cautious approach following mixed data, prompting a focus on the US payroll report due later in the day. Global oil prices experienced a decline of over 2%, while European gasoil futures dropped by about 5% due to reports of potential additional diesel and crude stock releases, alleviating fears over global energy supply constraints.",
  "summary": "The Pakistani rupee extended its marginal gains against the US dollar, appreciating 0.01% in the interbank market on Friday. The local unit closed the day at 277.07, a gain of Re0.03 against the greenback. On Thursday , the Pakistani rupee settled at 277.10 against the dollar. Internationally, the US dollar headed for its third straight week of gains on Friday, perched at a 17-month high as a…",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}