The rupee’s march against the dollar continued for a 24th consecutive session on Wednesday, with a loss of Rs1 in the interbank trade. With the decrease, the dollar fell from Rs280.51 to Rs279.51. This is the first time it has fallen below 280 in five months. The rupee’s improvement came after a countrywide crackdown against smuggling and hoarding of the dollar. The value of the dollar had skyrocketed in September, reaching Rs330 in the open market at one point. On the other hand, the Pakistan Stock Exchange also got off to a healthy start. THe 110 index gained 203 points to reach 48,343 points.
Dollar falls below 280 after three months
