KARACHI: The rupee began to show some improvement on Thursday as the dollar’s value in relation to the local currency fell by 50 paisa, DawnNews reported.
The dollar was valued at Rs105.06 in the interbank market. In the open market, the dollar was valued at Rs104.80 after a decrease of 50 paisa.
Moreover, the stock market gained momentum due to the improvement in the rupee’s value against the dollar. At the start of the trading day, the KSE-100 index surged by 114 points to settle at the 25,480-level.
The decline in the value of the dollar has been attributed to its abundance in the market and is expected to slide down further in the coming days.
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