KARACHI – In line with expectations, the Pakistani rupee maintained its gaining momentum against the US dollar in the interbank and open markets.
Data shared by the State Bank of Pakistan (SBP) the local currency moved up by Rs1.05 against the greenback to close at Rs294.90.
Earlier this week, the embattled rupee climbed by Rs5 against the dollar and was closed at Rs295.95.
Interbank closing #ExchangeRate for today https://t.co/F9zIthpsBr#SBPExchangeRate pic.twitter.com/cxseTCqdgS
— SBP (@StateBank_Pak) September 19, 2023
Meanwhile, Pakistan Stock Exchange opened on positive note as benchmark KSE-100 Index gained 107.27 points or 0.23pc, and closed at 45,910.46.
Signs of recovery in economic indicators started to appear as the country tightened its noose against currency hoarders, however, the record inflation continues to add woes for inflation-weary people.
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