The Pakistani rupee on Tuesday gained massively within the interbank market following a take care of International Monetary Fund (IMF).
Taking a cue from the Pakistan Inventory Change (PSX) which scored its greatest single-day leap in 15 years on Monday, gaining 5.9% on the primary buying and selling session after the nation secured the last-gasp funding deal from the Washington-based lender.
The nation on Friday secured a $three billion short-term monetary bundle from the IMF, giving its financial system some much-awaited respite because it teeters on the point of default.
The buck was being traded at Rs274.98 after dropping 11.1 within the interbank. It closed at 285.99 on June 27 — the final buying and selling session earlier than the Eid holidays.