Intra-day update: rupee inches up against US dollar

The Pakistani rupee maintained positive momentum against the US dollar, appreciating 0.06% during the opening hours of trading in the inter-bank market on Friday. At 10am, the currency was hovering at 281.10, a gain of Re0.17 against the greenback. On Thursday, the local unit closed at 281.27. Globally, the yen edged lower on Friday, trimming its sharpest weekly gain in more than four months, as traders considered the impact of potential rate increases by the Bank of Japan and a leadership election this weekend. The US dollar rebounded overnight despite the closure of the US government, which has halted the publication of key economic data, including the closely watched monthly jobs report for September that was due to be released on Friday. Canada’s currency held near a four-month low on a slide in oil prices.