Pakistani rupee gains strength against dollars

KARACHI:  Pakistani rupee maintained uptrend on the first working day of the new fiscal year 2019-20 on Tuesday following an increase in the supply of dollars in the economy.


The currency improved Rs2 to Rs158 to the US dollar in intra-day trade in the inter-bank market.

In totality, the rupee has strengthened Rs6 against the greenback in the two days.

The improvement is seen following Prime Minister Imran Khan’s statement on Sunday ensuring that stability would return in rupee against the dollar from here onward.

“The talks that the rupee would drop to Rs180 and Rs200 are baseless,” Khan said while talking to senior journalists and anchor person of private news channel.


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