Rupee continues to gain value; dollar lost Rs1.06 in interbank market


KARACHI: On Monday, the local currency continued to gain value as Pakistan is close to finalising the deal with International Monetary Funds (IMF) for the $6 billion bailout programme.

In the interbank market, the US dollar traded at Rs198.71 after the rupee gained Rs1.06, while in the open market, the greenback fluctuated between Rs198 & Rs202.

On Friday, the decreasing trend in the dollar started after the government decided to lift the subsidies on petroleum products to fulfill IMF requirements.

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