Pakistani Rupee gives another heavy blow to the US dollar
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The Pakistani Rupee buoyed by the prospects of receiving tranche of the IMF-revived loan programme in near future, delivered another heavy blow to the US dollar.
The rupee link soared by Rs4.66 taking down the US dollar’s value to Rs217.25 in the interbank business.
The trend was same in the open market, where the greenback lost another rupee link in its value and was now being traded at Rs217.
The Pakistani rupee link has continued its recovery drive against the US dollar link for a seventh consecutive working session in the interbank market.
The greenback closed at Rs221.91 on Wednesday when the local currency was appreciated by 0.96 percent as compared to the previous day’s close.
