KARACHI: The rupee continues to strengthen against the dollar and has now returned to its pre-Covid level. During intraday, the rupee is trading at 154.15 as of 1 pm PST after gaining 42 paisas compared to Friday. This is the strongest the rupee has been since February 17, 2020, when the rupee traded at Rs154.16. “This was the expected support level,” comments Komal Mansoor, senior analyst at Tresmark. Exporters are booking forwards, IMF agreement has resumed inflows from FIFs, and reduced outflows because of reduced tourism, hajj and umrah.

Source: Pakistan Today March 29, 2021 10:52 UTC