Intra-day update: rupee registers gain against US dollar

The Pakistani rupee gained further ground against the US dollar, appreciating 0.07% during the opening hours of trading in the inter-bank market on Thursday. At 10:15am, the local currency was hovering at 280.92, up by Re0.2 against the US dollar. On Wednesday, the local unit closed at 281.12. Internationally, the US dollar slipped on Thursday as the Sino-US trade war sapped investor sentiment, while growing confidence of the US Federal Reserve cutting its policy interest rate this year also weighed on the greenback.