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Rupee sees improvement against US dollar
The Pakistani rupee extended its marginal gains against the US dollar in the interbank market on Tuesday. The local unit closed the day at 277.30, a gain of Re0.01 against the greenback. On Monday, the Pakistani rupee settled at 277.31 against the dollar. Internationally, the US dollar inched up to trade near a two-week high on Tuesday as surging oil prices lifted Treasury yields and reinforced expectations that the Federal Reserve will raise interest rates this week. It also gained support as risk appetite weakened after stock markets tumbled, with AI-related shares under pressure after ind...
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