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Rupee gains against US dollar
The Pakistani rupee extended its marginal gains against the US dollar in the interbank market on Tuesday. The local unit closed the day at 277.05, a gain of Re0.01 against the greenback. On Monday, the Pakistani rupee settled at 277.06 against the dollar. Internationally, the US dollar extended its blistering rally as it rode US Treasury yields higher. In the broader market, the US dollar marched higher, drawing support from still-elevated US Treasury yields, which scaled multi-decade highs overnight. Against the yen, the US dollar rose a touch to 157.92, while ​sterling slipped 0.02% to $1.32...
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