Intra-day update: Rupee maintains positive momentum, appreciates to 223 level
The Pakistani rupee maintained its upward movement against the US dollar, strengthening to the 223 level in the inter-bank market on Friday
At 12:40 pm, the local currency was being quoted at 223.96, an appreciation of Rs2.19 or 0.98% against the greenback, during intra-day trading.
On Thursday, the currency had continued on its merry recovery path against the US dollar, closing at 226.15, an appreciation of Rs2.65 or 1.17%.
The development came after Minister of Finance Miftah Ismail said “one friendly country” has confirmed its assurance of helping Pakistan in meeting what the International Monetary Fund (IMF) calls a funding gap, saying that an announcement will be made soon.
Retrieved from: https://www.brecorder.com/news/40190309/intra-day-update-rupee-maintains-positive-momentum-appreciates-to-223-level
Business cards
our sponsors
