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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 Tuesday. The local unit closed the day at 277.21, a gain of Re0.01 against the greenback. On Monday, the Pakistani rupee settled at 277.22 against the dollar. Globally, the Japanese yen was under pressure from a firm US dollar on Tuesday as traders wagered on policymakers in Japan struggling to keep up with a hawkish turn by global central banks, leaving the country’s interest rates at a wide gap with major peers. Moves were contained thanks to a holiday in Japan and because of the risk of interv...
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