KARACHI: The rupee ended little changed against the dollar in the interbank market on Tuesday.The rupee closed at 278.16 per dollar, almost flat compared to its close of 278.17 in the previous session.
In the open market, the rupee rose slightly, trading at 279.42 against the dollar. It had traded at 279.59 on Monday. Dealers said the local currency unit remained flat during the last trading session of fiscal year 2026 due to matching demand and supply of dollars. They expect the rupee to continue to trade in a range-bound manner in the coming sessions. However, traders monitor the geopolitical situation to gauge the future course of the rupee.
Global sentiment remained constructive as crude oil prices extended their decline, with Brent crude trading near $72-73 a barrel amid growing optimism over the potential outcome of US-Iran talks in Doha, Chase Securities said in a note.
“Despite sporadic missile exchanges over the weekend, investors appear to be focusing on the prospects of de-escalation and the possibility of smoother energy trade flows, although uncertainty surrounding navigation through the Strait of Hormuz continues to warrant caution,” it added.
