The Pakistani rupee (PKR) continued its upward trajectory against the USdollar, marking the fifth consecutive session with an appreciation ofRs0.18, closing at Rs285.79, according to ARY News.
The State Bank of Pakistan (SBP) reported that on the second day of thebusiness week, the rupee gained Re0.18 to conclude at Rs285.79 in theinterbank. The previous day’s closing saw the greenback at Rs285.87. In thepreceding week, the rupee ended its losing streak by climbing 0.18% orRe0.53 to settle at 286.50 against the US dollar in the interbank market onFriday.
Market experts attribute the rupee’s strengthening to the agreement betweenPakistan and the International Monetary Fund on the first review of the9-month SBA.
