Monday 7 November 2022

Rupee sees positive momentum continue over $13b financial package

The Pakistani rupee continued its weekend positive trend into the new week, as it registered a marginal improvement of 12 paisas to rise to Rs221.80 during early trading in the interbank market on Monday. After making gains of around Rs1.3 gaining against the rupee last week by Rs1.3, the greenback on Friday lost some steam and fell marginally by 0.01% against the rupee. The rupee’s modest recovery came after the announcement of $13 billion financial package from China and Saudi Arabia. Open market The Pakistani rupee on Monday was trading at Rs227.75 against the US dollar in the open market.
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