Pakistani Rupee rises against US dollar in interbank market
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KARACHI: The Pakistani rupee rose further against the US dollar in the interbank market on Monday.According to foreign currency dealers, the US dollar is trading at Rs206.25 after depreciating 0.73 paisa against the local currency in early trade.
In the open market, however, the greenback is sold between Rs208 to Rs209.
As per economic experts, the rupee showing signs of recovery after Pakistan and International Monetary Fund (IMF) have reached a deal for the release of a US$1 billion tranche after the latter gave its nod to the budgetary adjustments for fiscal year 2022-23.
