Intra-day update: rupee records gain against US dollar

The Pakistani rupee strengthened against the US dollar, appreciating 0.07% during the opening minutes of trading in the inter-bank market on Thursday. At 10am, the local currency was hovering at 279.85, a gain of Re0.21 against the greenback. On Wednesday, the local unit closed at 280.06. Internationally, the US dollar was calm on Thursday as investors weighed a slew of data that showed the US economy was in a delicate position ahead of a crucial jobs report on Friday, with rising geopolitical tensions keeping sentiment in check. The euro was steady at $1.1678 in early Asian hours, on course for a small weekly drop, while sterling bought $1.34605. The yen was flat at 156.78 per US dollar as traders remained reluctant to place major bets.