KARACHI – Pakistani rupee gained momentum against the US dollar, as it moves up during the early hours of trading in the inter-bank market on Tuesday.
During intra-day trading, the local currency was being traded at 286.27, with an improvement of Rs0.44.
Earlier this week, the embattled rupee continued its upward trajectory against the greenback, as Pakistan and IMF are set to seal a deal for much-needed bailout funds.
As the fresh talks rekindle hopes for an IMF deal, Pakistan Stock Exchange’s 100 Index reached 41,080 points with a gain of 1,015 points on Monday.
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