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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 276.60, a gain of Re0.01 against the greenback. On Thursday, the rupee had closed at 276.61 against the dollar. Internationally, the US dollar held near a 19-month high on Friday after a strong week of gains on rising bets of a larger Federal Reserve rate hike, pushing the Japanese yen back near the key 160 mark that has left traders on alert for intervention. Treasury yields rose after US President Donald Trump said the US does not need a deal with Iran ...
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