Pakistani Rupee Gains Marginally Against Dollar

Pakistani rupee edges slightly higher in inter-bank trade as global currency and oil markets remain volatile amid geopolitical tensions.

The Pakistani rupee posted a marginal gain against the US dollar in the inter-bank market on Wednesday as trading remained largely stable despite volatility in global financial and commodity markets. The local currency settled at Rs279.35 against the greenback at the close of trading.Rupee Edges Up to 279.99 vs Dollar

The rupee had ended the previous session at Rs279.36 per dollar on Tuesday, indicating a slight improvement in the local unit during the latest trading day.

Currency markets globally remained cautious as traders monitored geopolitical developments and broader macroeconomic signals. The US dollar held its ground in international markets on Wednesday as investors moved to the sidelines while awaiting clearer signals on the evolving U.S.-Israeli war with Iran. Uncertainty over how the conflict could unfold kept overall market sentiment fragile.

The euro traded slightly higher in early Asian trading hours, last changing hands at $1.16205. The single currency remained only modestly stronger than the three-month low it touched earlier in the week on Monday. Meanwhile, the British pound also edged up, gaining around 0.12% to trade at $1.34305 against the US dollar.