KARACHI: The Pakistani rupee witnessed a slight depreciation against the US dollar, slipping by 0.03% in Thursday’s interbank trading session.
By the close of trading, the rupee stood at 283.64 against the greenback, down by 9 paisas from the previous day’s closing rate of 283.55.
On the global front, the US dollar gained strength on Thursday, driven by increased safe-haven demand amid escalating tensions in the Middle East and the potential for US involvement. Investors also remained cautious in response to Federal Reserve Chair Jerome Powell’s remarks on persistent inflation.
Following a subdued start during Asian trading hours, the dollar rose broadly, pressuring risk-sensitive currencies after reports emerged suggesting US officials are preparing for a potential military strike on Iran in the coming days.
Read More : https://epaper.brecorder.com/2025/06/20/1-page/1054280-news.html
