The Pakistani rupee continued to push down the US dollar in the interbank market on Monday as it scored a gain of 14 paisas. According to information collected from the forex dealers, the local currency gained 14 paisas against the greenback and was currently being traded at Rs277.70. On the last trading day on Friday, the Pakistani rupee had made improvement against the US dollar, appreciating 0.03% in the inter-bank market. At close, the currency settled at Rs277.84, a gain of seven paisas against the US dollar. The currency market is now factoring in the International Monetary Fund (IMF) Executive Board meeting that is scheduled to take Pakistan’s 37-month Extended Fund Facility (EFF) of about $7 billion on its agenda on September 25.

Credit: Independent News Pakistan