Intra-day update: rupee registers gain against US dollar

The Pakistani rupee strengthened against the US dollar, appreciating 0.06% during the opening hours of trading in the inter-bank market on Tuesday. At 10:15am, the local currency was hovering at 280.90, up by Re0.17 against the US dollar. According to the State Bank of Pakistan (SBP), the local unit closed at 281.07 on Monday. Globally, the Japanese yen held steady on Tuesday, ahead of a parliament vote in Japan later in the day that is almost certain to see hardline conservative Sanae Takaichi become the country’s first female prime minister. Currencies were mostly rangebound in the early Asian session, with the dollar little changed as an ongoing US government shutdown left investors flying blind on data ahead of next week’s Federal Reserve meeting.