KARACHI – Pakistani rupee continued its upward trajectory on Wednesday and was being traded at Rs277.40 against the US dollar in the interbank market.
During the trading, the local currency rupee appreciated 0.17percent with an increase of Re0.47 against the greenback. Rupee upward trajectory continues as the currency settled at 277.87, an appreciation of 0.05% against USD on Tuesday.
Pakistani rupee gained momentum as foreign exchange reserve held by the country’s central bank shored up after receiving a lifeline of $500 million from the Industrial and Commercial Bank of China (ICBC).
This is an intra-day update…
