The rupee is showing signs of stabilization
KARACHI: The Pakistani rupee showed resilience on its thirteenth straight trading day of losing streak, indicating a possible stabilization near the current level, marginally below Rs 287 against the US dollar in the interbank market on Wednesday. Data from the State Bank of Pakistan (SBP) revealed that the domestic currency fell 0.18%, or Rs0.51, to close at 286.90 against the US dollar. In the past thirteen days, the rupee has declined cumulatively by 3.50% or Rs 10.07, erasing some of the gains it made in the previous six weeks when it touched a three-month high of Rs 276.83/$ in mid.
