The Pakistani rupee on Thursday registered a marginal gain against the US dollar and appreciated 0.07% during early trading hours in the inter-bank market.
At 10:15am, the Pakistani rupee was trading at 280.57, which was up by Rs0.20 from Wednesday’s closing rate of 280.77.Pakistani Rupee Gains Against US Dollar in Early Trade
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The euro traded slightly lower at $1.1582. The Australian dollar advanced to a two-week high as stronger-than-expected employment data reduced the likelihood of imminent rate cuts.
Meanwhile, oil prices — which are a key determinant of currency parity — extended their decline for a second straight day. Brent crude slipped 0.03% to $62.69 a barrel, while US West Texas Intermediate dropped 0.09% to $58.44, following sharp losses in the previous session.
