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Rupee records gain against US dollar
The Pakistani rupee extended its marginal gains, appreciating 0.01% against the US dollar in the interbank market on Thursday. The local unit closed the day at 277.17, a gain of Re0.03 against the greenback. On Wednesday, the Pakistani rupee settled at 277.20 against the dollar. Internationally, the US dollar clung to a two-month high on Thursday after a strong manufacturing reading reignited inflation fears and rate-hike bets, while a weak Treasury auction sent yields higher across the curve, providing fresh impetus to the US currency. The broad dollar strength pushed the euro to $1.1378, a...
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