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Rupee records gain against US dollar
The Pakistani rupee continued its marginal gain against the US dollar in the inter-bank market on Friday. The local unit closed the day at 276.75, a gain of Re0.01 against the greenback. On Thursday, the rupee had closed at 276.76 against the dollar. Globally, the yen was steady on Friday ahead of the Bank of Japan’s policy decision, while the dollar tracked Treasury yields lower as a fresh wave of selling in AI shares triggered a flight to safety. The BOJ is set to keep interest rates on hold at 1.25% in a widely anticipated move despite elevated inflation pressures, with a hawkish tone exp...
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