Rupee continues to post modest gains against dollar

Banknotes showing the founding fathers of their respective countries The Pakistan 500 rupee showing Muhammad Ali Jinnah and 10 dollar bill showing Alexander Hamilton, one of the US founding fathers.
  • With an increase of 0.27%, the rupee closed at 174.30 against the US dollar in the inter-bank market.
  • Analysts say the local unit gained ground as uncertainty regarding the IMF bailout ended.
  • Per SBP, the rupee has depreciated by a further 3.4% since the last MPC meeting.

KARACHI: The rupee continued to slowly regain ground against the US dollar on Tuesday, with the local currency gaining 47 paisas compared to its previous close as the International Monetary Fund (IMF) confirmed the news of the successful conclusion of talks with Pakistan.

With an increase of 0.27%, the rupee closed at 174.30 against the US dollar in the inter-bank market compared with the previous closing of 174.77.

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