{
  "id": 17055460,
  "title": "Rupee extends gain against US dollar",
  "url": "https://urgent.news/2026/10/29/rupee-extends-gain-against-us-dollar",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-29T11:21:01.000Z",
  "source": {
    "name": "Business Recorder",
    "slug": "business-recorder",
    "url": "https://www.brecorder.com/news/40446505/rupee-extends-gain-against-us-dollar"
  },
  "original_language": "en",
  "account": "The Pakistani rupee maintained its slight increase against the US dollar on Thursday, finishing the day at 276.76, marking a gain of Re0.01. Previously, on Wednesday, the rupee had settled at 276.77 against the dollar. Globally, the US dollar held steady on Thursday following the Federal Reserve's decision to keep interest rates unchanged. The Fed indicated that upcoming inflation data would play a role in future policy decisions, leaving investors uncertain about the interest rate outlook. The central bank opted to postpone any rate adjustments until after the upcoming midterm elections, with a 10-2 vote and an upgraded assessment of a robust economy. Meanwhile, the euro experienced a slight decline of 0.15% to $1.1134, following a 0.3% rise in the previous session, which occurred after the Fed's announcement. The dollar also strengthened against the Japanese yen by 0.14%, trading at 158.045 yen. Prior to the Fed's announcement, the greenback had reached a two-week high, but subsequently dropped after Jerome Powell's press conference provided no clear indication of a potential December rate increase. In market predictions, there is a 78% probability of a rate hike in December, as indicated by the FedWatch tool. The dollar index, which gauges the dollar's value against a composite of six currencies, was at 102.26. Oil prices, a crucial determinant of currency stability, experienced a decline on Thursday, eroding earlier gains as hopes for peace talks mitigated the renewed concerns over potential Middle East supply disruptions resulting from escalating regional conflicts. Brent crude futures slipped by $1.22, or 1.1%, to $114.10 per barrel, while US West Texas Intermediate (WTI) crude futures decreased by $1.33, or 1.3%, to $101.45.",
  "summary": "The Pakistani rupee continued its marginal gain against the US dollar in the inter-bank market on Thursday. The local unit closed the day at 276.76, a gain of Re0.01 against the greenback. On Wednesday , the rupee had closed at 276.77 against the dollar. Globally, the US dollar steadied on Thursday after the Federal Reserve held interest rates as expected while hinting that upcoming inflation…",
  "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."
}