KARACHI – Pakistani rupee shows resistance against the US dollar, moving up by Rs0.22 in the interbank market on the first working day of the week.
During the intra-day trading, the local currency appreciated by 0.08 percent, and was being traded at 286.75.
Last week, the embattled rupee remained under pressure and closed at 286.97 against the greenback in the inter-bank market.
Despite the inflows of billions, the rupee remained under pressure due to the high demand for dollar as the government relaxed all restrictions on imports.
More to follow…
