Pakistani rupee strengthens against USD


ISLAMABAD, Feb. 8 (Xinhua) -- Pakistani rupee gained strength against the U.S. dollar as the greenback was being traded at 273.33 rupees in the interbank on Wednesday, according to the State Bank of Pakistan.

The U.S. dollar closed at 276.28 rupees on Tuesday.

According to market analysts, the positive development in the ongoing talks of an International Monetary Fund (IMF) delegation with the government generated positive sentiments in the market.

Additionally, exporters have started bringing their proceeds from abroad as they perceive the market is moving toward stability, especially with positive reports regarding the negotiations.

Article type: free
User access status:
Subscribe now to our Premium Plan for an ad-free and unlimited reading experience!
   

Next In World

US State Department monitoring reports of kidnapped couple in Haiti
Roxham Road, asylum-seeker destination, busy after Biden-Trudeau pact
French police clash with protesters opposed to farm reservoir
Pope extends sexual abuse law to include lay leaders
'Hotel Rwanda' hero's release came from desire to end diplomatic sore point
Mississippi tornado and storms kill at least 23 - state officials
Russia pardons 5,000 former criminals after fighting in Ukraine, Prigozhin says
Two migrants suffocate to death aboard Texas train, 10 hospitalized
India's Rahul Gandhi says he won't stop asking Modi questions
Polish ammunition firm to boost output severalfold as part of EU-Ukraine plan

Others Also Read