KARACHI: The US dollar rate in Pakistan weakened by Re0.16 (16 paisa) to Rs279.12 against the Pakistani rupee in the interbank market on Wednesday (Feb 28).
Internationally, the US dollar held steady as traders brushed off durable goods data overnight and awaited the Federal Reserve’s preferred measure of inflation due Thursday for clues on when the US central bank may start cutting interest rates.
The data did not seem to faze the market, with all eyes on the US core personal consumption expenditures (PCE) price index due on Thursday.
