{
  "id": 9542794,
  "title": "Rupee records gain against US dollar",
  "url": "https://urgent.news/2026/09/24/rupee-records-gain-against-us-dollar",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-09-24T10:47:33.000Z",
  "source": {
    "name": "Business Recorder",
    "slug": "business-recorder",
    "url": "https://www.brecorder.com/news/40441041/intra-day-update-rupee-records-gain-against-us-dollar"
  },
  "original_language": "en",
  "account": "The Pakistani rupee continued its slight upward trend against the US dollar on Thursday, increasing by 0.01% in the interbank market. The currency closed at 277.17, marking a gain of Re0.03 since the previous trading session. On Wednesday, the Pakistani rupee was recorded at 277.20 against the dollar. Internationally, the US dollar maintained a two-month high, driven by a robust manufacturing figure that reignited concerns over inflation and a potential interest rate hike. Meanwhile, a weak Treasury auction contributed to higher yields across the yield curve, further bolstering the dollar's strength. The dollar's gains pushed the euro to its lowest level in two months at $1.1378, while the British pound hovered near a three-month low at $1.3231. The dollar index, which gauges the US currency against a basket of currencies, hovered near a two-month peak at 101.1. A more optimistic purchasing managers' index released earlier in the week heightened inflation fears, and a less-than-ideal auction of five-year U.S. Treasury notes further fueled bond selling, with yields on these notes crossing the 5% threshold for the first time since 2007. Inflationary pressures were also exacerbated by a significant 4% surge in oil prices on Wednesday, following Iran's president's defiant stance, which sent markets swirling with uncertainty over the U.S.-Iran standoff. Traders now estimate a 70% likelihood of an additional rate hike from the U.S. central bank during their October meeting, up from a 50% probability a week prior. Oil prices, a critical factor influencing currency values, eased on Thursday after a 4% increase the day before, as Iran expressed a willingness to negotiate an end to the U.S.-Iran conflict, though significant differences persist between the two nations. Brent crude futures dropped 92 cents, or 0.9%, to $102.16 per barrel, while West Texas Intermediate futures declined 77 cents, or 0.8%, to $91.39.",
  "summary": "The Pakistani rupee extended its marginal gains, appreciating 0.01% against the US dollar in the interbank market on Thursday. The local unit closed the day at 277.17, a gain of Re0.03 against the greenback. On Wednesday , the Pakistani rupee settled at 277.20 against the dollar. Internationally, the US dollar clung to a two-month high on Thursday after a strong manufacturing reading reignited…",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "Business Recorder",
        "title": "Rupee records gain against US dollar",
        "url": "https://urgent.news/2026/09/22/rupee-records-gain-against-us-dollar",
        "published": "2026-09-22T10:51:44.000Z"
      }
    ]
  },
  "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."
}