• Advertise
  • Contact Us
  • Daily The Business
  • Privacy Policy
Saturday, December 6, 2025
Daily The Business
  • Login
No Result
View All Result
DTB
No Result
View All Result
DTB

Intra-day update: rupee gains further ground against US dollar

November 11, 2025
in Markets
Intra-day update: rupee gains further ground against US dollar
Share on FacebookShare on TwitterWhatsapp

The Pakistani rupee strengthened against the US dollar, appreciating 0.09% during the opening hours of trading in the inter-bank market on Tuesday.

At 10am, the currency was hovering at 280.56, a gain of Re0.25 against the greenback.

On Monday, the local unit closed at 280.81.

Globally, the safe-haven yen hit its lowest since February on Tuesday while riskier currencies were firm against the dollar, as traders anticipated an end to the US government shutdown in the coming days.

The euro was steady at $1.1555, and sterling has been creeping higher to $1.3165.

The US Senate passed a deal that would restore US federal funding and end the longest shutdown late on Monday.

It now heads to the House, where Speaker Mike Johnson has said he would like to pass it as soon as Wednesday and send it on to President Donald Trump to sign into law.

A gain of about 0.7% for the Australian dollar to $0.6536 and a drop in the yen have been the biggest moves since a breakthrough Senate vote on Sunday.

Analysts said the moves could be vulnerable to reversal if the path to inking the shutdown deal dragged much beyond this week.

The New Zealand dollar has been under pressure for months as the economy slows and had on Tuesday hit a 12-year low against the Australian dollar, reflecting a divergent outlook for interest rates in the Antipodes.

Oil prices, a key indicator of currency parity, Oil prices dipped in Asian trade on Tuesday as oversupply concerns outweighed uncertainty over the impact of US sanctions on Russian oil majors Rosneft and Lukoil and optimism over progress toward reopening the US government.

Brent crude futures fell 12 cents, or 0.2%, to $63.94 a barrel by 0426 GMT. US West Texas Intermediate crude was at $59.99 a barrel, down 14 cents or 0.2%.

Both benchmarks gained around 40 cents in the previous session.

This is an intra-day update

Share15Tweet10Send
Previous Post

Sindh govt mulls reduction in e-challan amount amid uproar over hefty fines

Next Post

https://tribune.com.pk/story/2576713/celebs-redefine-what-it-means-to-look-good

Related Posts

Putin offers India ‘uninterrupted’ oil
Markets

Putin offers India ‘uninterrupted’ oil

December 6, 2025
Pakistan, ADB sign $61.8mn agreements for three development initiatives
Markets

Pakistan, ADB sign $61.8mn agreements for three development initiatives

December 5, 2025
Wall St futures steady ahead of key inflation report
Markets

Wall St futures steady ahead of key inflation report

December 5, 2025
RBI rate cut helps India’s Sensex, Nifty pare weekly losses after record highs
Markets

RBI rate cut helps India’s Sensex, Nifty pare weekly losses after record highs

December 6, 2025
UAE markets up on Fed rate cut bets
Markets

UAE markets up on Fed rate cut bets

December 6, 2025
Indian rupee marks quiet end to historic week, lags regional peers after RBI rate cut
Markets

Indian rupee marks quiet end to historic week, lags regional peers after RBI rate cut

December 6, 2025

Popular Post

  • FRSHAR Mail

    FRSHAR Mail set to redefine secure communication, data privacy

    126 shares
    Share 50 Tweet 32
  • How to avoid buyer’s remorse when raising venture capital

    33 shares
    Share 337 Tweet 211
  • Microsoft to pay off cloud industry group to end EU antitrust complaint

    54 shares
    Share 22 Tweet 14
  • Capacity utilisation of Pakistan’s cement industry drops to lowest on record

    48 shares
    Share 19 Tweet 12
  • SingTel annual profit more than halves on $2.3bn impairment charge

    47 shares
    Share 19 Tweet 12
American Dollar Exchange Rate
  • Advertise
  • Contact Us
  • Daily The Business
  • Privacy Policy
Write us: info@dailythebusiness.com

© 2021 Daily The Business

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

No Result
View All Result
  • Advertise
  • Contact Us
  • Daily The Business
  • Privacy Policy

© 2021 Daily The Business

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.