Rupee recovers marginally against US dollar

ISLAMABAD: The Pakistani rupee saw marginal improvement against the US dollar as it appreciated 0.1 percent during the opening hours of trading in the inter-bank market on Friday.

At midday, the rupee was hovering at 279.85, an increase of Re0.24 in the inter-bank market.

On Thursday, the rupee had depreciated 0.07 percent to settle at 280.09 against the US dollar.

Experts believe Pakistani rupee’s current strength unlikely to last

On the other hand, the KSE-100 index reached 51,226 with an increase of 42 points in the Friday morning trading session.

In a related development, the Ministry of Finance (MoF) has finalised its directions on negotiations related to the ongoing International Monetary Fund (IMF) programme with instructions to secretaries and the deputed focal persons to remain available in Islamabad till the finalisation of the Staff Level Agreement (SLA).