The Pakistan rupee recovered against the US dollar at the interbank foreign exchange market on Wednesday.

The local unit gained seven paisas against the greenback which was trading at Rs279.49 at the closing of the market as against the previous day’s closing of Rs279.56.

In the open market, the buying and selling rates of the dollar stood at Rs279.75 and Rs282.3, respectively.

In the international market, the dollar fell broadly on Wednesday as it tracked a global decline in bond yields, while traders awaited minutes of the Federal Reserve’s latest policy meeting due later in the day for further clues on the central bank’s rate outlook, Reuters reported.

The greenback slipped below 150 yen JPY=EBS in Asia trade and last bought 149.97 yen, giving the Japanese currency some breathing space having been pinned near a three-month low in previous sessions.