The Pakistani Rupee recovered against US dollar in the open market and interbank on Wednesday (today).
The USD to PKR rate came down as Rupee recovered against US Dollar today. However, the Rupee touched intra-day high of Rs132 to the US Dollar in interbank. It touched Rs133 after gaining Rs0.9.
The recovery came after PM Imran Khan secured $6 billion Saudi loan from Saudi Arabia on an annual basis. However, it will be for one year in the form of cash assistance and oil on deferred payments. This agreement will be in place for at least three years.
Also Read: PM Imran Khan gets $6 billion lifeline from Saudi Arabia
The news also made positive impact in the Pakistan Stock Exchange, In Karachi Stock Exchange, KSE 100 index gained 1227 points and reached to 38942.53 points. However, 3.26% increase is observed in index as the stock market opened on Wednesday.
Also Read: KSE 100 Index gained over 1,200 points today