Karachi’: Rupee gained by Rs3.46 against the greenback in the interbank market on Monday ( today) during the intraday trade.
The local unit was seen changing hands 275 at around 11:47pm.
The rupee closed the week on Friday by gaining significant ground against the US dollar. According to the State Bank of Pakistan (SBP), it appreciated by Rs6.63, or 2.38% in the interbank market and closed at 278.46.
Earlier today, a government official expressed hope of striking a deal with the Washington-based lender.
Another official assured that Pakistan was expecting to strike the staff-level agreement (SLA) with the IMF in the next few days, however, the Fund was reluctant to give any time frame for finalising the agreement.
