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KARACHI: The Pakistani rupee on Wednesday maintained its uptrend for the ninth successive working day against the US dollar in the interbank market.
According to the State Bank of Pakistan’s (SBP) data, the local currency gained Rs1.7, or 0.76% against the dollar to settle at Rs223.94 in the interbank market.
Rupee gained Rs1.65, or 0.73%, managing to settle at Rs225.64 against the greenback on Tuesday.
Earlier this week, Finance Minister Ishaq Dar assured the masses that he would bring the dollar value below 200 with the help of his policies.
Read more: Eight banks earned billions by manipulating US dollar rate
He mentioned that the dollar value is strong internationally, but the government “will bring it down below 200″ soon.
The finance czar of the country has strongly favoured intervention in currency markets in three previous stints in the job to strengthen the currency.
