Rupee hits fresh 10-week high
KARACHI: The Pakistani currency maintained its winning streak for a fourth consecutive business day on Monday, rising to a fresh 10-week high of over Rs 281 against the US dollar in the interbank market. The fresh gains came ahead of the International Monetary Fund’s executive board meeting on January 11 to possibly approve the release of the second tranche of a $700 million loan to Pakistan. The rupee appreciated 0.04%, or Rs0.12, to close at Rs281.28 against the dollar, according to data from the State Bank of Pakistan. With this, the currency has gained a cumulative 1.55%, or Rs 4.36,


