The Pakistani rupee gained additional floor because the US greenback continued its declining development for the third consecutive session on Tuesday.
The greenback misplaced Rs3.20 in opposition to the rupee on Tuesday and was buying and selling at Rs234 within the interbank market throughout intraday commerce as of 10:30am, after the native unit suffered consecutive losses throughout a number of classes within the final buying and selling week.
The greenback has thus far shed Rs5.15 within the interbank market, solely two days into the commerce week.
The native foreign money on Friday, the final buying and selling day of the outgoing week lastly broke its dropping streak in opposition to the greenback after constantly depreciating for 15 consecutive classes.
The rupee got here near reaching a report low of 240 in opposition to the greenback however was unable to take action after a number of optimistic cues regardless of lethal floods devastating Pakistan’s economic system.
