KARACHI: Pakistani Rupee rises further against the US dollar on lasttrading day of the week.
The Pakistani rupee extended an upward trend against the US dollar at thestart of trade on Friday.
According to forex dealers, the rupee appreciated by 6 paisa and is tradingat 154.60 against the greenback in the interbank market.
The local currency rose 11 paisa to finish at 154.66 against the US dollaryesterday as against Wednesday’s closing of 154.77.
Meanwhile, the rupee settled at Rs155 against the dollar after appreciatingby 10 paisa in the open market on Thursday.
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Forex dealers attributed the appreciation of the rupee to increased dollarsupplies and improved market sentiment.
Earlier, on Jan 14, Fitch rating agency had forecast that Pakistan’sgeneral government debt (including guarantees and International MonetaryFund borrowing) will fall to about 80 percent by end of next fiscal yeardue to faster nominal GDP growth and fiscal consolidation.
