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The Pakistani rupee (PKR) continued its merry run in opposition to US greenback (USD) in foreign money market on Tuesday morning.
“The USD goes down by 1.08 PKR and buying and selling in interbank at Rs289.78”, international trade sellers have said.
The banks promoting US greenback to importers at Rs290.20, foreign money sellers stated.
The buck dropped by 0.50 rupee and buying and selling in open market at 292.50 Pakistani rupees, international trade sellers additional stated.
The Pakistani rupee bettering in opposition to the US greenback within the open market as hole with the inter-bank market continued to remain slender and throughout the prescribed restrict set by the Worldwide Financial Fund (IMF).
The rupee has been on an upward trajectory in September, which comes on the again of a national crackdown in opposition to unlawful exchanges and foreign money smugglers by the regulation enforcement companies.
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