Rupee Hits New High Against Dollar Amid Global Market Caution

The Pakistani rupee continued its upward trend against the US dollar on Thursday, gaining 0.01%. The local currency closed at 277.72 per dollar, improving by Re0.03 compared with the previous session.

Meanwhile, global currency markets remained cautious as traders closely monitored developments around a possible US-Iran deal and awaited upcoming US payroll data.

The Japanese yen struggled to maintain its recent gains after market intervention, while the US dollar remained near a six-week low due to investor caution.