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The rupee recorded a marginal increase against the dollar in the interbank market on Friday, appreciating by 0.12% in the early morning trade.
The local currency was trading at 279.15, after appreciating by 33 paise, in the early morning trade on Thursday.
The dollar closed at Rs279.48, after depreciating by 0.01 percent, in the interbank market on Thursday, according to the State Bank of Pakistan.
The dollar fell broadly in the international market on Friday in a bout of positive risk sentiment following upbeat big tech earnings on Wall Street while traders awaited US jobs data due later in the day to gauge how soon the Federal Reserve could begin easing rates.
The closely watched nonfarm payrolls report later on Friday comes on the heels of the Fed’s latest policy meeting where rates were kept steady as expected, though Chair Jerome Powell pushed back against market expectations of rate cuts in March.
Meanwhile, the Pakistan Stock Exchange gained over 200 points in the intraday trade, a day after the benchmark index closed at 62,393.73 levels.
The KSE-100 index was trading at 62,618.08 levels after gaining 224.35 points, or appreciating by 0.36% at 10:23 am.
