The Pakistani rupee continued its upward trend against the US dollar on Friday, gaining 32 paisas during the early hours of trading in the interbank market. By 11:30 am, the local currency was trading at Rs281.90, up from the previous close.
On Wednesday, the rupee had settled at Rs282.22, while the interbank market remained closed on Thursday due to the Independence Day holiday.
The local currency has maintained a positive trajectory against the greenback in recent days on account of improved sentiment in the currency market amid an ongoing crackdown by law enforcement agencies against illegal currency dealers and smugglers.
