PKR extends gains, trading below 290 to USD - Business - DAWN ... - DAWN.com

The rupee rose further on Tuesday, trading for less than Rs290 against the US dollar during morning trade in the interbank market.
The greenback was trading for Rs289.78 at around 9:48am, according to Forex Association of Pakistan, down by Rs1.18 from yesterday’s close of Rs290.86.
Today’s gains extend the upward trajectory that has continued since the army-backed crackdown on the illegal trade of the dollar began earlier this month.
The rupee also made headway in the open market against the dollar, which was trading for Rs292 compared to the previous day’s Rs293, according to Exchange Companies Association of Pakistan.
More to follow.



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