Rupee further strengthens against greenback, closes at 175.92

Karachi: Pakistan's rupee shown strength against the US dollar on Monday to close at 175.92 in the inter-bank market.

The recovery was supported by a weak dollar demand for import payments and exporters' forward selling of the greenback.

The rupee appreciated as much as 175.5 in intra-day trading but ended with clipped gains.

According to the State Bank of Pakistan, the rupee finished with a gain of 0.09% or 15 paisas day-on-day against the US dollar.