Intra-day update: rupee records gain against US dollar

The Pakistani rupee strengthened against the US dollar, appreciating 0.06% during the opening minutes of trading in the inter-bank market on Tuesday. At 10am, the local currency was hovering at 280.23, a gain of Re0.18 against the greenback. On Tueesday, the local unit closed at 280.41. Globally, the Japanese yen held steady in early Asian trading after a powerful 7.5-magnitude earthquake struck Japan’s northeast overnight, adding to a risk-off mood ahead of several policy decisions from central banks, including the Federal Reserve. Against the yen, the US dollar was last flat at 155.885 yen after the quake, which prompted evacuation orders and tsunami warnings that were downgraded to advisories hours later.