{"id":9067,"date":"2022-06-29T14:40:58","date_gmt":"2022-06-29T14:40:58","guid":{"rendered":"https:\/\/dailyausaf.com\/en\/?p=9067"},"modified":"2022-06-29T14:40:58","modified_gmt":"2022-06-29T14:40:58","slug":"rupee-records-handsome-gain-against-us-dollar","status":"publish","type":"post","link":"https:\/\/dailyausaf.com\/en\/business\/rupee-records-handsome-gain-against-us-dollar\/","title":{"rendered":"Rupee records handsome gain against US dollar"},"content":{"rendered":"<p>KARACHI: The Pakistani rupee staged a handsome recovery against the US dollar on hopes that Pakistan and the International Monetary Fund (IMF) will soon reach a staff-level agreement despite more conditions put forward by the Fund.<\/p>\n<p>A day earlier, Pakistan received the Memorandum of Economic and Fiscal Policies (MEFP) from the IMF for the combined seventh and eighth reviews after which the market expects to receive $2 billion instead of the scheduled $1 billion loan tranche.<\/p>\n<p><em><strong>Read more:\u00a0<a href=\"https:\/\/dailyausaf.com\/en\/pakistan\/rupee-breaches-211-a-dollar-barrier-on-delay-in-revival-of-imf-programme.html\" target=\"_blank\" rel=\"noopener noreferrer\">Rupee breaches 211-a-dollar barrier on delay in revival of IMF programme<\/a><\/strong><\/em><\/p>\n<p>The local unit was trading at Rs204 during intra-day trade, however, closed the day at Rs205.12 against the dollar with a fresh gain of Rs1.75, or 0.85%, according to the State Bank of Pakistan (SBP).<\/p>\n<p>Since the beginning of this fiscal year (July 1, 2021) to date, the rupee has collectively dropped by a massive 30.20% (or Rs47.58) compared to the previous fiscal year\u2019s close at Rs157.54.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>KARACHI: The Pakistani rupee staged a handsome recovery against the US dollar on hopes that Pakistan and the International Monetary Fund (IMF) will soon reach a staff-level agreement despite more conditions put forward by the Fund. A day earlier, Pakistan received the Memorandum of Economic and Fiscal Policies (MEFP) from the IMF for the combined [&hellip;]<\/p>\n","protected":false},"author":8,"featured_media":2859,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[1247,6112,160],"class_list":["post-9067","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","tag-international-monetary-fund","tag-memorandum-of-economic-and-fiscal-policies","tag-imf"],"_links":{"self":[{"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/posts\/9067","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/comments?post=9067"}],"version-history":[{"count":0,"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/posts\/9067\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/media\/2859"}],"wp:attachment":[{"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/media?parent=9067"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/categories?post=9067"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/tags?post=9067"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}