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Rupee registers gain against US dollar
The Pakistani rupee continued its marginal gain against the US dollar in the inter-bank market on Tuesday. The local unit closed the day at 276.71, a gain of Re0.01 against the greenback. On Monday, the rupee had closed at 276.72 against the dollar. Globally, the US dollar wavered alongside oil prices on Tuesday on hopes for a diplomatic breakthrough between the US and Iran, while the Aussie was steady ahead of the Reserve Bank of Australia’s rate decision. Falling energy prices helped ease inflation concerns and dragged longer-dated US Treasury yields lower. The yield on the benchmark US 1...
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