The Pakistani rupee appreciated by Rs1.30 against the US dollar in the interbank market on Friday.
After slipping by 1.13 per cent a day earlier, the rupee was being traded at Rs281 at 10:45am today, according to data shared by the Exchange Companies Association of Pakistan (ECAP).
According to currency market analysts, the recovery in the local currency is owing to a rise in the central bank forex reserves and expectations that the government and the International Monetary Fund (IMF) would reach an agreement soon.
On Thursday, the dollar closed at Rs282.30.
