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Rupee records gain against US dollar
The Pakistani rupee extended its marginal gains against the US dollar, appreciating 0.01% in the interbank market on Friday. The local unit closed the day at 277.07, a gain of Re0.03 against the greenback. On Thursday, the Pakistani rupee settled at 277.10 against the dollar. Internationally, the US dollar headed for its third straight week of gains on Friday, perched at a 17-month high as a bond market rout pushed borrowing costs across the globe to multi-decade peaks in the face of inflationary fears over higher oil prices. Investors were reeling from a steep global bond sell-off on Thursd...
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