ISLAMABAD – Pakistani rupee witnessed upward trajectory against US dollar, as PKR moved up in the inter-bank market on first day of the week despite a bloodbath at Pakistan Stock Exchange amid delay in election results.
Data shared by money exchangers suggest that rupee was hovering at 279, with a jump of Rs0.34 against the USD.
Last week, rupee saw mixed reaction as it settled at 279.34 against the greenback in the inter-bank market.
February 8 elections were supposed to bring stability in Pakistan as 128 million voters exercise their right to vote but results saw agitation, with accusations of rigging.
On the other hand, Pakistan Stock Exchange (PSX) witnessed a sharp decline on the first day of the business week. Stock market recorded a decrease of 1338 points, after which the 100 Index is trading at the level of 61,605 points.
