Rupee marginally improves against US dollar
On Wednesday, the rupee had settled at 278.04, according to the State Bank of Pakistan (SBP).
Globally, the US dollar stood broadly firm on Thursday as traders awaited more clarity on US President-elect Donald Trump’s proposed policies and sought to second-guess the prospects of less aggressive interest rate cuts from the Federal Reserve.
After stalling for three sessions, the greenback was back on the march higher, with investors lifting the dollar index measure against its key rivals closer to a one-year high of 107.07 hit last week.
The US dollar has rallied more than 2% since the Nov. 5 US presidential election on bets Trump’s policies could reignite inflation and temper the Fed’s future rate cuts.
