Rupee registers marginal improvement against US dollar

ISLAMABAD: The Pakistani rupee registered a marginal gain against the US dollar as it appreciated 0.04 percent during the opening hours of trading in the inter-bank market on Tuesday.

At midday, the rupee was hovering at 285.53, an increase of Re0.11 in the inter-bank market.

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On Monday, the rupee registered marginal losses to settle at 285.64 against the US dollar.

Internationally, the US dollar ticked down to a three-month low against peer currencies on Tuesday after slipping overnight on weaker-than-expected new home sales data, while traders hunkered down on bets that the Federal Reserve could start cutting interest rates in the first half of next year.