The Pakistani rupee recovered on the first business day of the week, rising by Rs4.16 in the interbank market after falling to a historic low.
The local currency gained by 1.52 percent during intraday trade and was quoted at 274.30, up 4.16 percent against the dollar, in the early going.
The Pakistani rupiah took significant hits this week due to IMF uncertainties and fell by about 6.63 percent versus the US dollar, finishing at 278.46.
As Pakistan got the first installment of a $1.3 billion loan from China to support its declining foreign exchange reserves, the rupee strengthened.
