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Evolution Magazine

Finance

Pakistan rupee strengthens in the market against Dollar

According to the State Bank of Pakistan, in the inter-bank market on Monday, the rupee strengthened against the dollar as it fell to Rs161.05. On Friday it had closed off at Rs162.37. After the finalization of the agreement with the IMF for the loan program on May 12, 2019.

The State Bank of Pakistan had let the rupee depreciate extremely in the inter-bank market. IMF has asked Pakistan to let the currency move freely to find stability against the US dollar and other significant world currencies.

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