Pakistan rupee registers marginal gain against US dollar

The Pakistani rupee posted marginal gain against the US dollar in the inter-bank market on Tuesday. At close, the local currency settled at 278.10, a gain of Re0.01 against the greenback. On Monday, the rupee closed at 278.11 against the dollar. Meanwhile, in the broader market, the ​dollar was on shaky ground as investors continued to pare back expectations of U.S. rate hikes this year following ‌an underwhelming jobs ⁠report that came in far below expectations. The euro edged a touch higher to $1.1442, extending gains from overnight, while sterling rose to a more than two-week high of $1.34005. Against a basket of currencies, the dollar was last at 100.86.Investors are now pricing in roughly 29 basis points worth of Federal Reserve rate hikes by ​December, down from about ​38 bps a week ⁠ago.