KARACHI: The US dollar rate in Pakistan declined by Re0.1 to Rs277.84 against the Pakistani rupee in the interbank market on Tuesday (April 2).
Internationally, the US dollar hovered near a 4-1/2-month high against major peers on Tuesday as traders rushed to push back bets for the Federal Reserve’s first interest rate cut this year.
The dollar held close to a six-week peak versus the euro and sterling reached on Monday, after US data unexpectedly showed the first expansion in manufacturing since September 2022.
The dollar index, which measures the currency against the yen, euro, sterling and three other peers, edged 0.02% higher to 105.02, following a 0.51% rally to as high as 105.07 on Monday.
