KARACHI: Pakistani rupee strengthened against the US dollar on Monday and gained Rs2.37 in its value in interbank.

The US dollar was traded at Rs161.12 against Rs163.49 on last trading day (Monday), according to a tweet of State Bank of Pakistan (SBP). This increase in the local currency is due to $1.4 billion IMF loan and deferment in payments of foreign debt.

Earlier on Monday last, Pakistani rupee slightly strengthened against the US dollar and gained 8-paisa in its value in interbank.

During the last two days, Pakistani rupee has been strengthened by Rs2.45 against the international currency. – TLTP