KARACHI: The Pakistani rupee recorded a slight depreciation against the US dollar on Friday, slipping by 0.02% in the inter-bank market.

By the close of trading, the local currency stood at 281.66, marking a minor decline of Re0.05 compared to the previous day’s closing rate of 281.61.

Globally, the US dollar weakened alongside US Treasury yields on Friday, following weaker-than-expected US economic data throughout the week, which reinforced expectations of additional interest rate cuts by the Federal Reserve later this year.

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