KARACHI – Pakistani rupee resuscitated itself Tuesday against the US dollar in the interbank market by recording slight gains.
During the intra-day trading, the local currency appreciated by Rs0.28 against the US greenback and was quoted at 283.30.
On Monday, PKR was unable to continue momentum against the high-flying dollar, settling at 283.58 in the inter-bank market, with a decrease of Re0.38.
In the international market, US dollar plummet for the second day as receding fears of a major banking crisis sapped demand for the safest assets.
More to follow…
