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IMF deal in sight makes rupee extend gain against US dollar

Pakistan IMF China
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Riding on the sentiment that government will be able to clinch deal with the IMF after accepting almost all of its conditions, the Pakistani rupee held its ground against the US dollar by sustaining its gain in the interbank trading on Tuesday.

According to the data provided by money dealers, the Pakistan currency notched up by 30 paisas in the interbank trading on Tuesday as the US dollar was exchanging at Rs275.

Yesterday, the Pakistani rupee exhibited some spine as it opened the week on a positive note and gained Rs1.28 in its value.

Last week, the Pakistani rupee endured a massive drubbing at the hands of US dollar.

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