The rupee maintained its momentum against the dollar in the interbank market on Wednesday, increasing by Rs1.26 according to Forex Association of Pakistan (FAP).
The rupee has seen an upsurge in confidence as news of stringent administrative measures taken against black market dollar outflows to Afghanistan and Iran came to the light.
At 10am, the dollar was trading for reached Rs288.64 in the interbank, compared to yesterday’s close of Rs289.80.
More to follow