The Pakistani rupee continued to gain against the US dollar in the inter-bank market on Wednesday.<\/strong><\/p>\n At close, the local currency settled at 278.65, a gain of Re0.01 against the greenback.<\/p>\n \n <\/a>\n <\/p><\/blockquote>\n <\/span><\/div>\n<\/figure>\n On Tuesday<\/u><\/a>, the local unit closed at 278.66.<\/p>\n Moreover, the State Bank of Pakistan (SBP) said on Wednesday it received about $1.3 billion<\/a> from the International Monetary Fund (IMF) under the Extended Fund Facility (EFF) and the Resilience and Sustainability Facility (RSF).<\/p>\n \u201cThe amount would be reflected in SBP\u2019s foreign exchange reserves for the week ending on May 15, 2026,\u201d the SBP said.<\/p>\n Meanwhile, the dollar held near a one-week high on Wednesday as risk sentiment soured after a hot U.S. inflation reading sent Treasury yields higher, and oil inched up on renewed Middle East uncertainty.<\/p>\n The euro stood at $1.1735 and the sterling traded at $1.3532, both down roughly 0.05% against the greenback in early Asia trades.<\/p>\n