Karachi: The Pakistani rupee recorded its highest single-day gain against the US dollar. During Wednesday’s trade, the dollar lost Rs9.58 and closed at Rs228.80 against the rupee, down from 238.38 from Tuesday’s close in the interbank. In a major development, the dollar slumped 4.19% against the rupee, the highest since November 2, 1998, when the greenback fell by Rs5.10.

Leave a Reply

Your email address will not be published. Required fields are marked *

You May Also Like

Amazon launches super offer for Brazilian Prime subscribers

Amazon.com has launched a one-day free delivery offer for all Brazilian Prime…

Saudi Arabia to inject $3B into Pakistan as UAE debt deadline looms

Pakistan’s finance minister confirmed late on Tuesday that Saudi Arabia has agreed…

IMF to continue its support for Pakistan

On Monday, the International Monetary Fund (IMF) said that it would continue…

Egypt’s El Sisi rules out currency devaluation

President Abdel Fattah El Sisi ruled out another devaluation of Egypt’s embattled…