Intra-day update: rupee gains further ground 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 Tuesday. At 10am, the currency was hovering at 280.56, a gain of Re0.25 against the greenback. On Monday, the local unit closed at 280.81. Globally, the safe-haven yen hit its lowest since February on Tuesday while riskier currencies were firm against the dollar, as traders anticipated an end to the US government shutdown in the coming days. The euro was steady at $1.1555, and sterling has been creeping higher to $1.3165. The US Senate passed a deal that would restore US federal funding and end the longest shutdown late on Monday.