Rupee gains ground against US dollar

The Pakistani rupee registered marginal gain, appreciating 0.01% against the US dollar in the inter-bank market on Monday. At close, the local currency settled at 279.07, a gain of Re0.03, against the greenback. On Friday, the local unit closed at 279.10. Meanwhile, the US dollar was steady on Monday, while the yen flirted with the crucial 160 per dollar level as nervous investors took ​stock of the escalating Iran war. The euro eased 0.13% to $1.151 in early trading, while sterling last fetched $1.3187. ​The dollar index, which measures the US currency against six rivals, was at 100.2. The Australian dollar was 0.13% higher at $0.6893, wobbling near the two-month low it hit last week.Additionally, oil prices were little changed in choppy trade on Monday. Oil prices inched up in choppy ​trade on Monday, as investors awaited clarity on the status of talks between the US and Iran and remained ‌wary about sustained supply losses due to shipping disruptions.