Rupee continues recovery against USD for fourth consecutive day
KARACHI:
The Pakistani rupee continued its upward trajectory on Thursday and was being traded at Rs226.19 against the US dollar in the interbank market.
The rupee on Wednesday made an all-time high recovery of Rs9.98 in a single day and closed at a three-week high of Rs228.80 against the US dollar.
Experts said the rupee saw its first major recovery after a gap of over three months after the government had reported a massive drop in import payments. In addition, they added, the International Monetary Fund (IMF) had also acknowledged Pakistan meeting all the prerequisite conditions for its multibillion-dollar programme.
Retrieved from: https://tribune.com.pk/story/2369442/rupee-continues-recovery-against-usd-for-fourth-consecutive-day
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