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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 Thursday. The local unit closed the day at 276.61, a gain of Re0.01 against the greenback. On Wednesday, the rupee had closed at 276.62 against the dollar. Internationally, the US dollar climbed to a 19-month high against major peers on Thursday, supported by growing expectations of a Federal Reserve rate hike, while the yen edged toward the key 160-per-dollar level following a dovish central banker’s speech. Traders ramped up bets on further Fed tightening after stronger-than-expected October in...
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