Pakistani Rupee registered slight gain against the US Dollar during the early hours of trading in the inter-bank on Friday.
At 11:45 am, the rupee stood at 284.50, marking an increase of Re0.67 in the inter-bank market.
On Thursday, the rupee experienced a slight gain, settling at 285.17 against the US dollar.
In a correlated development, the total liquid foreign exchange reserves held by the State Bank of Pakistan (SBP) rose by $77 million to $7.257 billion during the week ending November 24, 2023.
Internationally, the US dollar faced pressure on Friday, while the euro recovered from significant losses. Traders assessed data indicating a decline in inflation, fostering expectations that interest rates had reached their peak, leading to anticipation of forthcoming rate cuts by central banks.
The dollar index, measuring the U.S. currency against six counterparts, showed a 0.145% decline at 103.30. This followed its weakest monthly performance in a year in November, despite a 0.6% overnight surge.
