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Rupee extends gain against US dollar
The Pakistani rupee continued its marginal gain against the US dollar in the inter-bank market on Thursday. The local unit closed the day at 276.76, a gain of Re0.01 against the greenback. On Wednesday, the rupee had closed at 276.77 against the dollar. Globally, the US dollar steadied on Thursday after the Federal Reserve held interest rates as expected while hinting that upcoming inflation data would influence future policy moves, leaving investors uncertain about the rates outlook. The Fed opted to delay any changes to borrowing costs until after next week’s midterm election in a 10-2 deci...
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