Pakistani rupee appreciates by massive Rs2.12 against greenback: Chinese dollars, IMF tranche news behind rupee surge

By: News The Pakistani rupee appeared to be steadily recovering its value against the US dollar and Wednesday saw another positive day for the Pakistani currency, reported Following government’s announcement that Pakistan will receive not one but two tranches from the International Monetary Fund (IMF), the buoyed rupee opened the intrabank trading with a huge lead of Rs1.37 against the US dollar and later built it to Rs2.12.

According to the forex dealers, the greenback was now being traded at Rs204.75 down by Rs2.12.

On Tuesday, the US dollar ended the day at Rs206.87, down by Rs1.07.