Rupee continues to strengthen against the dollar

KARACHI: The Pakistani rupee continued to strengthen against the US dollar, gaining 0.41 percent during the opening hours of trading in the inter-bank market on Thursday.

At midday, the rupee was hovering at 283.50, an increase of Rs1.18, in the inter-bank market.

On Wednesday, the rupee had appreciated 0.37 percent to settle at 284.68.

Gold prices in Pakistan continue to fluctuate

The Pakistani rupee also continued its upward trajectory against the US dollar in the open-market as the gap with the inter-bank market continued to stay narrow and within the prescribed limit given by the International Monetary Fund (IMF).

According to currency dealers the rupee was quoted at 284 for selling and 281 for buying purposes for customers.

At the end of trading on Wednesday, the currency closed at 285 for selling and 282 for buying, according to data provided by the Exchange Companies Association of Pakistan (ECAP).