Pakistani Rupee strengthens against US dollar in interbank market
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*KARACHI: The rupee on Thursday strengthened against the US dollar in the interbank on the back of a staff-level agreement with IMF for the release of US$1.17 billion, ARY NEWS reported.*
In the interbank, the greenback shed value by Rs0.30 and traded at Rs209.80 as experts believe that further foreign inflows will strengthen the rupee. In the open market, the US dollar traded between Rs209 and Rs210.
On Wednesday, the US dollar gained value against the rupee in the first session after Eidul Adha holidays in the interbank market. According to the forex dealers, the Pakistani rupee lost Rs0.54 in the early hours as the greenback traded at Rs208.45.
In the open market, the US dollar is sold between Rs208 and Rs210.
