US dollar drops further against PKR


dollar

The US dollar witnessed a marginal loss against Pakistani rupee during the opening hours of trading in the inter-bank market on Friday.

The US dollar depreciated 36 paise in the inter-bank market and now trending at Rs283.75.

On Thursday, the rupee recorded a marginal increase to settle at 284.12 against the US dollar.

Stock market grows over 1,000 points on Friday morning

Globally, the broad strength from the yen kept a lid on the US dollar on Friday, which stayed on the defensive ahead of the closely-watched US nonfarm payrolls report due later on Friday.

In the broader market, the dollar largely drifted sideways, with currency moves outside of the yen subdued ahead of Friday’s US jobs data.

The US dollar index slipped 0.05% to 103.63, though was on track to gain 0.4% for the week.

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