KARACHI: The Pakistani rupee jumped 0.60 per cent against the United States (US) dollar in the interbank market on Friday .

The domestic currency today rose Rs1.04 paisas against the greenback, which is the biggest single-day rise since November 17.

According to the data shared by the State Bank of Pakistan (SBP), the rupee closed at Rs174.48 against the dollar, compared to the previous close of Rs175.52.

The rupee had appreciated by 0.51 per cent or 89 paisas against the greenback the other day.

The rupee made sharp recovery after the International Monetary Fund (IMF) approved a $1 billion loan tranche as part of the Extended Fund Facility (EFF).