Rupee on Thursday turned tables on the US dollar, strengthening by over a percent in inter-bank trade. It was because of the hopes of revival of the International Monetary Fund (IMF) bailout after Saudi Arabia confirmed to the multilateral lender of its financial assistance to Pakistan. The local unit closed at Rs. 284.42 against the US dollar, up 1.2% or Rs. 3.43 from Wednesday’s close of 287.85, according to the State Bank of Pakistan (SBP).
