KARACHI: The rupee managed to hold overnight levels against the dollar in the process of trading on Saturday, dealers said. Commenting on announcement for policy rate, currency viewers were of the view that the State Bank of Pakistan's decision to keep the policy rate unchanged at 5.75 percent likely to help in reviving confidence of investors in the coming days.
They also said that country's exports may show some improvement following the issuance of statutory regulatory orders (SROs) and different relief packages to give a boost to the agriculture sector, particularly textile sector, which is the biggest source of foreign exchange earnings.
At the week-end, the dollar rose against the yen, extending a broad trend that has been in place since US President Donald Trump's election in November on expectations of more pro-growth policies to bolster an economy that has improved but sputtered at times.
The greenback has climbed for two straight days, pulling it back from seven-week lows against a basket of currencies on the view that it would gain from a rise in border tariffs, tax reform and future spending. "Donald Trump's ambitious fiscal plans point to stronger growth in the coming quarters," said Fawad Razaqzada, market analyst at Forex.com in London.

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