Intra-day update: rupee registers gain against US dollar

The Pakistani rupee registered marginal improvement against the US dollar, appreciating 0.08% during the opening hours of trading in the inter-bank market on Friday. At 10am, the currency was hovering at 280.70, a gain of Re0.22 against the greenback. On Thursday, the local unit closed at 280.92. Globally, the US dollar held its ground in early Asian trade on Friday after reaching a three-month high as traders processed mixed signals from this week’s central bank decisions, tech sector earnings and a tentative US-China tariff truce. The US dollar index, which measures the greenback’s strength against a basket of six currencies, held steady at 99.478 after Wall Street stock market losses spooked global markets on Thursday.