Rupee makes massive Rs4.7 gains against US dollar

Islamabad (HRNW) The rupee made massive gains of Rs4.7 against the US dollar on Thursday on the back of news about the Chinese banks signing a $2.3 billion loan for Pakistan.

The Pakistani currency had registered a similar rally in the first trading session on Wednesday but lost steam and the US dollar closed higher at the end of the day.

On Thursday, however, market sentiments differed and the rupee constantly climbed.

The US dollar closed at Rs207.23 after falling Rs4.7, or 2.27%, according to the data shared by the State of Pakistan.


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