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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 Monday. The local unit closed the day at 276.97, a gain of Re0.03 against the greenback. On Friday, the Pakistani rupee settled at 277.00 against the dollar. Globally, the US dollar held ground near its strongest level in a year and a half in early Asian trade on Monday as an escalating Middle East conflict kept investors wary ahead of key US inflation data later this week that will influence monetary policy. The dollar index, which measures the greenback’s strength against a...
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