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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 Wednesday. The local unit closed the day at 277.11, a gain of Re0.01 against the greenback. On Tuesday, the Pakistani rupee settled at 277.12 against the dollar. Internationally, the US dollar stood near this year’s high versus the euro on Wednesday and was poised for the largest monthly rise against it for 14 months, powered by US growth and rising US interest rates in contrast to the energy and debt worries swirling in Europe. Overnight, the euro dipped to its lowest since May 2025, at $1.1312,...
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