Rupee largely stable against US dollar
The Pakistani rupee remained largely unchanged against the US dollar in the inter-bank market on Tuesday.
At close, the local unit settled at 279.42 after a fall of Re0.01 against the greenback, as per the State Bank of Pakistan (SBP).
During the previous week, the rupee managed to register another positive week as it gained Re0.18 or 0.06% to settle at 279.41 against the US dollar in the inter-bank market.
It was the 12th consecutive week the local unit appreciated against the greenback. This marginal yet continuous recovery has been on the back of Pakistan advancing with the $3 billion Stand-By Arrangement (SBA) from the International Monetary Fund (IMF).
