Wednesday, July 24, 2024

Pakistan Rupee Gains Rs. 1.45 Against Dollar in Interbank, Reaches Rs.260

The Pakistani rupee, which has been recovering after a major fall to a record low, continued its upward momentum on Thursday against the US dollar. It appreciated nearly 0.56 percent in the interbank market.

During intra-day trading, the local currency was quoted at 260.45 as it gained Rs1.45 against the greenback. Several factors helped the rupee get its strength back against the hot currency (Dollar).

In recent developments, Finance Minister Ishaq Dar announced that the Board of the China Development Bank approved the facility of $700 million for crisis-hit Pakistan.

Related Articles

Latest Articles