The rupee strengthened against the US dollar at Rs159.07 in the inter-bank market on Monday compared with Friday’s close of Rs159.1, according to the State Bank of Pakistan (SBP). Earlier, the SBP let the rupee depreciate massively in the inter-bank market after finalisation of an agreement with the International Monetary Fund (IMF) for a loan programme on May 12, 2019.

Published in The Express Tribune, February 23rd, 2021.

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