‘Dar-jolt’: PKR jumps by Rs3.11 against dollar in interbank
The Pakistani rupee extended its gains by Rs3.11 against the dollar in the interbank market on Tuesday.
The local currency closed at Rs233.91 per dollar — an appreciation of 1.33 per cent from yesterday’s close of Rs237.02, according to the State Bank of Pakistan.
Head of Research at Tresmark, Komal Mansoor, said the exchange rate had been “left at the whims of sentiments”.
“The ‘Dar-jolt’ has strengthened the rupee but the underlying fundamental weakness remains.
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