According to the State Bank of Pakistan (SBP), the local unit currency closed at 264.38 against the US dollar, appreciating an increase of Re1.
The greenback had closed at Rs265.38 a day earlier.
The currency (Pakistani rupee) has depreciated by 22.4% during the ongoing fiscal year against the greenback.
The US dollar has gained over Rs30 in the interbank market since the Exchange Companies Association of Pakistan (Ecap) removed an unofficial cap on the exchange rate.
The rise is attributed to the resumption of $7 billion Extended Fund Facility (EFF) stalled for months.
Read More: Govt to hike power tariff by Rs7.91 to revive IMF package
The lender and Pakistan moved closer to the revival of their loan prgramme as Islamabad agreed to several conditions put forward by the IMF.
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