Rupee continues its upward march on trajectory of stability


Pakistani currency continued its upward march on the trajectory of stability as the dollar lost Rs3.20 against the rupee on Tuesday and was trading at Rs234 in the interbank market.
The rupee had closed at Rs237.02 on Monday, according to Pakistan’s central bank data.
The dollar has so far shed Rs5.15 in the interbank market in the past two working days.
Exchange Companies Association of Pakistan (ECAP) General Secretary Zafar Paracha had said it seems the market is responding to PML-N leader Ishaq Dar’s arrival and the announcement of him replacing Miftah Ismail as the finance minister.