Rupee posts massive appreciation against US dollar, recovers by Rs10.38

 

KARACHI - The Pakistani Rupee (PKR) on Wednesday proceeded with its series of wins in interbank and open market against the dollar.


As per subtleties, the US dollar lost Rs10.38 in the interbank against the rupee and was being exchanged around Rs228. In the open market, the greenback was being exchanged at Rs229.


A day sooner, the International Monetary Fund (IMF) on Tuesday affirmed that Pakistan has accomplished every one of the set focuses for the restoration of the Extended Fund Facility (EFF) program.


The rupee has recuperated for a third sequential meeting following quite a while of steady decreases in its worth which has been generally credited to the straightforwardness in import installments

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