Rupee resumes upward trends in the interbank market

Karachi:  The Pakistani rupee started gaining value against the US in the interbank market on Friday.

The rupee resumed its upward trend after the flow of dollar improved.

According to the State Bank of Pakistan, the rupee went up by 1.53 or 0.54 per cent against the US dollar in the interbank market during the intraday trading. The rupee closed at Rs280.77 at the close of the market. 

Interbank closing #ExchangeRate for todayhttps://t.co/QsyP4ZJWSX pic.twitter.com/N6wmg0BcdN

— SBP (@StateBank_Pak) March 10, 2023

The rupee depreciated by Rs3.18 against the dollar and closed at Rs282.30 a day earlier due to further delay in the revival of the loan agreement with the International Monetary Fund (IMF).