Rupee makes gains against dollar for second consecutive session

KARACHI: Pakistani rupee continues to make gains against the US dollar as the latter is now trading at Rs218.5 in the interbank market. This is the second consecutive session in which Pakistani rupee has made gains.

Experts are attributing the gains to the release of the loan tranche by the International Monetary Fund which has helped restore the investor confidence. Rupee had made a recovery of 0.73 per cent as of 9:45 AM, Wednesday.

According to the experts, the huge gap in the rates of dollar at the interbank and the open market was also expected to reduce. Some claim that the dollar will be trading at Rs200 in the upcoming days since the smuggling of the greenback to Afghanistan has also been largely curtailed.

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