Intra-day update: rupee registers improvement against US dollar

The Pakistani rupee posted a marginal gain against the US dollar, appreciating 0.04% during the opening hours of trading in the inter-bank market on Tuesday. At 10:30am, the local currency was hovering at 281.05, up by Re0.11 against the US dollar. On Monday, the local unit closed at 281.16. Internationally, the US dollar held steady on Tuesday as US President Donald Trump’s watered-down rhetoric against tariffs on China and a potential meeting with his Chinese counterpart raised hopes of de-escalation in tensions between the two economic heavyweights.