The Pakistani Rupee continued to appreciate by 0.13% against the US Dollar, as it increased in value by 9 paisas in the interbank market. On Wednesday morning, the mighty American currency started trading at Rs281.80 after losing a further 9 paisas in the interbank market. On Tuesday, the Rupee had registered a nominal fall, and closed trade for the day at Rs281.89 against the US Dollar. In the global market, the American currency rose broadly on Wednesday and stood near a two-week high against other major currencies, underpinned by a confluence of factors, including elevated US Treasury yields and a cautious turn in risk sentiment that weighed on Wall Street.

Credit: Independent News Pakistan (INP)