USD exchange rate: Rupee falls slightly against dollar

The exchange rate for the US Dollar has seen a marginal increase today, with the selling rate rising to Rs 278.25 and the buying rate to Rs 277.75, marking a 10 paisa increase compared to yesterday's rates of Rs 278.15 and Rs 277.65, respectively.

The Euro (EUR) is priced at Rs 291.74 for selling and Rs 291.22 for buying.

The British Pound (GBP) stands at Rs 349.89 for selling and Rs 349.26 for buying.

Other key foreign currencies include the Swiss Franc (CHF) at Rs 314.18 for selling and Rs 313.62 for buying, the Canadian Dollar (CAD) at Rs 197.90 for selling and Rs 197.54 for buying, and the Australian Dollar (AUD) at Rs 180.36 for selling and Rs 180.03 for buying.

Additionally, the Singapore Dollar (SGD) is available at Rs 206.59 for selling and Rs 206.22 for buying.

In the Gulf region UAE Dirham (AED) is being traded at Rs 76.29 for selling and Rs 76.15 for buying. The Saudi Riyal (SAR) stands at Rs 74.08 for selling and Rs 73.95 for buying.

Meanwhile, the Qatar Riyal (QAR) is priced at Rs 76.58 for selling and Rs 76.44 for buying. The Kuwaiti Dinar (KWD) is available at Rs 905.60 for selling and Rs 903.98 for buying.

Gold prices in Pakistan fell for the second consecutive day on Tuesday, mirroring a global decrease in rates. In the local market, the price of gold per tola dropped by Rs4,100, settling at Rs274,300, while 10 grams decreased by Rs3,515 to Rs235,168, according to the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA).

This followed Monday's Rs4,300 decline per tola. Internationally, gold rates dropped significantly, with prices standing at $2,631 per ounce, including a $20 premium, after losing $41 in a single day.

Abdullah Abdul Razzaq, a member of APGJSA, attributed the international decline to Middle East peace talks, specifically discussions around a US-backed ceasefire plan between Israel and Lebanon. This marked the steepest one-day decline in over five months, with global gold prices plunging over 3% on Monday.

Further pressure on gold rates came from the announcement of US President-elect Donald Trump's nomination of Scott Bessent as Treasury Secretary. Meanwhile, Razzaq also noted that large-scale gold selling by India also influenced prices in the Pakistani market.