KARACHI: The US dollar rate in Pakistan remained unchanged against the Pakistani rupee in the open market on Wednesday (Nov 29).

During the day, currency dealers said that the rupee was traded at 287 for selling and 284 for buying purposes for customers.

At the end of trading, the currency closed at the same rates, according to data provided by the Exchange Companies Association of Pakistan (ECAP).

In the inter-bank market, the rupee settled at 285.39, an increase of Re0.13 against the greenback.

The gap between rates in the inter-bank and open markets is required to be less than 1.25% under one of the structural benchmarks set by the International Monetary Fund (IMF).

Internationally, the US dollar fell broadly on Wednesday to hit its lowest against the yen in more than two months and languished near a three-month trough against its major peers, as expectations mount the Federal Reserve could begin lowering rates by early next year.

The greenback tumbled to 147.02 yen and pushed the euro back above $1.10 to last trade at $1.10025, after Fed Governor Christopher Waller – a known hawkish and influential voice at