Karachi: After a bleak month, the rupee finally made a comeback against the dollar on Friday, closing at Rs185.9 in the interbank market. This development is largely associated with the Supreme Court’s decision to restore the National Assembly as well as the central bank’s decision to increase the policy rate by 2.5 percent. According to the Forex Association of Pakistan (FAP), the greenback devalued by Rs2.28 over Thursday’s close of Rs188.18 when it had reached an all-time high.
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