Pakistan, March 26 -- The Pakistani rupee gained marginally against the US dollar on Wednesday, appreciating by 0.06%. At the close of trading, the rupee stood at 280.26, a slight gain of Re0.16 from Tuesday's closing value of 280.42. This improvement reflects a small but notable movement in the inter-bank market.

On the global front, the US dollar weakened on Wednesday, following weak US confidence data and concerns about the impact of new tariffs on US economic growth. The US dollar dipped by about 0.5% against the Japanese yen, trading at 149.95 yen after briefly crossing below 150 yen. Meanwhile, the euro remained stable at $1.0789 after a recent dip from a five-month high.

Global market reactions were cautious as discussions betwee...