Pakistani rupee shows slight gain in intra-day update
The Pakistani rupee experienced a marginal increase against the US dollar, appreciating by 0.06% during the early trading hours in the inter-bank market.
By 10:20am, the rupee was valued at 280.43, marking a gain of Re0.17 from the previous trading session, where it closed at 280.60, on April 15.
Meanwhile, in international markets, the US dollar remained stable but close to a three-year low against the euro and a six-month low against the yen.
Traders are monitoring fluctuations in US tariffs, which have caused uncertainty among investors.
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Pakistani rupee sees slight increase against US dollar in inter-bank market
In early Asian trading, the dollar index, which measures the US currency against six others, stood at 99.864, reflecting a drop of over 4% this month, indicating significant market shifts.
Oil prices have risen slightly, supported by changes in tariff exemptions proposed by US President Donald Trump and a rebound in Chinese crude oil imports.
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