KARACHI – Pakistani rupee has recovered against the dollar during early daytrading in the open market on Monday.
US dollar fell by Rs 3 to Rs 136 in the open market.
Previously, the US dollar was trading at Rs 139.02 in the interbank market.
The value of the dollar had shot up by Rs8 in the interbank market duringtrading on Friday, taking it to Rs 142, and by the day end it closed at Rs139.
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Commenting on a latest drop, experts said the appreciation of rupee is atemporary phenomenon, and it could depreciate again in view of foreign loanpayments the government was about to undertake.
The 100-index of Pakistan Stock Exchange also fell by 700 points from thecurrent 40,000 pts in the early day trading.
