KARACHI – Pakistani rupee shows resistance against US dollar as it moved up during the opening hours of trading in inter-bank market.
Before noon, the local currency was hovering at 285.53, climbing Rs0.11 in inter-bank market.
Earlier this week, the local unit registered marginal losses to settle at 285.64 against the greenback.
Globally, the US dollar moved down to three-month low against other currencies as Federal Reserve likely to cut interest rates in the first half of next year.
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