KARACHI: The US dollar rate in Pakistan down by Re0.08 (08Paisa) to Rs278.12 against the Pakistani rupee in the interbank market on Friday (May 10) as per the State Bank of Pakistan (SBP).
Internationally, the US dollar had a soft tone in early Asian trading on Friday after losing ground overnight to the euro and sterling on the back of U.S. data showing further signs of a cooling labour market and hence higher odds of Fed rate cuts this year.
The dollar index, which measures the greenback against a basket of currencies including the yen and the euro, was flat at 105.25.
