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Rupee registers gain against US dollar
The Pakistani rupee stretched its marginal gains against the US dollar in the interbank market on Wednesday. The local unit closed the day at 276.95, a gain of Re0.01 against the greenback. On Tuesday, the Pakistani rupee settled at 276.96 against the dollar. Internationally, the US dollar languished on Wednesday as traders awaited fresh signals on the timing for interest rate hikes to contend with persistent inflation. The greenback weakened from an 18-month high in the previous session as oil prices eased and investors reassessed the AI-fueled rally that has supported demand for US assets....
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