Pakistani rupee continued to stabilize for the second consecutive working day, as it made fresh recovery against the US dollar in the inter-bank market on Monday.
According to details, the local currency appreciated by Rs2.15 against the greenback and was being traded around Rs237.5. The rupee had closed at Rs239.65 on Friday, according to Pakistan’s central bank data.
With the latest day-to-day gain, the rupee has cumulatively recovered Rs2.22 in the past two working days.
The bull has also returned to the Pakistan Stock Exchange as benchmark KSE-100 index gained 335 points and was being traded around 40,900 points.