By Recorder Report
Rupee’s Performance Against US Dollar Since 04 March 2025
The Pakistani rupee maintained its upward trend against the US dollar, with marginal appreciation of 0.01% in the inter-bank market on Thursday.
At close, the rupee settled at 281.92, a gain of Re0.03 against the greenback. This was rupee鈥檚 tenth successive gain against the greenback.
On Wednesday, the local unit had closed the session at 281.95.
The rupee has maintained a positive trajectory against the greenback in recent days on account of improved sentiment in the currency market amid an ongoing crackdown by law enforcement agencies against illegal currency dealers and smugglers.
Internationally, the US dollar drifted on Thursday as investors fretted about the Federal Reserve鈥檚 independence after yet another attack from President Donald Trump ahead of remarks from Chair Jerome Powell later this week that could influence the outlook for rates.
Trump called on Fed Governor Lisa Cook to resign on the basis of allegations made