The Pakistan rupee gained ground against the US dollar Wednesday as the market was hopeful of a positive outcome of the ongoing talks between the government and the International Monetary Fund (IMF).
In the interbank market, the rupee appreciated Rs2.95 or 1.08% against the dollar to close at 273.33, according to the State Bank of Pakistan (SBP), up from yesterday’s close of 276.28. Meanwhile, the local currency closed at 279 in the open market.
