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Rupee records gain against US dollar
The Pakistani rupee extended its marginal gains against the US dollar in the interbank market on Monday. The local unit closed the day at 277.31, a gain of Re0.01 against the greenback. On Friday, the Pakistani rupee settled at 277.32 against the dollar. Internationally, the US dollar was steady on Monday with the Japanese yen holding on to its recent sharp gains and hovering near a seven-month high as investors pondered possible rate hikes from the Federal Reserve and Bank of Japan in a pivotal week for monetary policy. Global policymakers are grappling with erratic pricing pressures from t...
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