The local currency has been seeing a depreciation amid
delays in a deal with IMF.
(Reporting by Asif Shahzad; Editing by Christian Schmollinger)
KARACHI, Pakistan, March 3 (Reuters) - The Pakistani
rupee on Friday strengthened 3.5% versus the dollar in
the interbank market a day after the central bank raised its
policy rate by 300 basis points (bps) to 20%, trading data
showed.
The rupee was trading at 275.5 against the dollar, up
nearly 3.5% after opening session.
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