KARACHI: In the interbank market on Monday, the Pakistani rupee strengthened against the US dollar for the eleventh consecutive working day.
The rupee gained another Rs2.49 after more than a week of gains, with the dollar trading at Rs213 following a depreciation during intraday activity in the interbank market at 10:50am.
Rupee clashes with US dollar
The Pakistani rupee gained Rs3.38 versus the US dollar in the interbank market on Friday, closing at Rs215.50.
Despite dwindling foreign exchange reserves, the rupee has continued to strengthen against the US dollar as the supply of foreign currency has steadily increased relative to the system’s demand.
