The US Dollar Pakistan Rupee (USD/PKR) exchange rate is edging higher after a brief stint lower in the previous session. The pair trades at 166.23, slightly off the high of the day of 166.45.
Risk sentiment and demand for riskier currencies such as the Rupee has taken a turn for the worse after President Trump upped his anti-China rhetoric at his latest speech, as the presidential election campaign enters its final stages.
Falling oil prices offer some support to the weaker Rupee. Oil trades sub $40 on demand concerns as the US driving season comes to an end and covid cases rise in 22 states