KARACHI – Pakistani rupee advanced its winning momentum against the US dollar, moving up by 0.12 percent during the opening hours of trading in the inter-bank market.
During the early hours of trading, the rupee was being quoted at 284.20, with a jump of Rs0.33 in the inter-bank market.
In the previous session, the local unit registered a marginal gain to settle at 284.53 against the greenback.
Amid the positive sentiment in money market, Pakistan Stock Exchange (PSX) continues record-making spree as KSE-100 index cruised past 62,000 points level.
The rollover of $3 billion in Saudi deposits in State Bank of Pakistan (SBP), increase in exports and remittances and International Monetary Fund (IMF) SBA helped Pakistan’s efforts for economic revival.
Pakistani rupee recovers against US dollar, Euro, Pound, Dirham and Riyal; check forex rates
