Intra-day update: rupee strengthens against US dollar

The Pakistani rupee strengthened against the US dollar, appreciating 0.09% during the opening hours of trading in the inter-bank market on Thursday. At 10am, the currency was hovering at 281.07, a gain of Re0.24 against the greenback. On Wednesday, the local unit closed at 281.31. Internationally, the US dollar regained its footing in early Asian trading on Thursday after the US Supreme Court said it would hear arguments in January over President Donald Trump’s attempt to remove Federal Reserve Governor Lisa Cook, leaving her in the post for now. The dollar’s broader index measure against a basket of key currencies edged up 0.1% to 97.80, retracing declines after four straight days of losses, as traders pondered the length of the US government shutdown and its effect on economic data releases.