Rupee

The currency has cumulatively gained 10.41%, or Rs28.95, in the past six and a half months

Maintains winning streak for 8th straight day on better dollar inflows

Currency’s momentum sustained by growing forex reserves, potential Panda bond issuance

Currency gains value in backdrop of IMF staff-level agreement

The currency got support from the ongoing smooth talks with the IMF for the release of last tranche of $1.1 billion

The currency received a boost from a $17 million increase in the country’s foreign exchange reserves (held by the SBP)

Wednesday’s close was the highest level since October 17, 2023, when rupee stood at Rs277.03/$

Says faulty notes can be exchanged at any of the 16 designated offices of central bank

In the open market, however, the rupee maintained its uptrend for the fourth consecutive working day

Currency finds support from IMF’s positive response to loan talks