The Pakistani rupee improved by 0.06% against the US dollar in the inter-bank market on Friday, reaching 285.10. This comes after a slight loss on Thursday. The Caretaker Federal Minister for Finance highlighted the impact of political and economic instability on Pakistan’s economic growth at the Sustainable Development Conference. Internationally, the US dollar was restrained due to uncertainty over US interest rates, while oil prices rose in early Asian trade. The dollar index is down for the month, and there is speculation about whether OPEC+ will agree on further production cuts. Overall, the currency market is expected to trade narrowly with some volatility due to thin liquidity.
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