PKR extends gains, trading below 290 to USD

PKR extends gains, trading below 290 to USD

The rupee rose further on Tuesday, trading for less than Rs290 against the US dollar during morning trade in the interbank market.

The greenback was trading for Rs289.78 at around 9:48am, according to Forex Association of Pakistan, down by Rs1.18 from yesterday’s close of Rs290.86.

Today’s gains extend the upward trajectory that has continued since the army-backed crackdown on the illegal trade of the dollar began earlier this month.


More to follow.

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