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Rupee strengthens against dollar in intraday trade

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KARACHI: The rupee strengthened against the dollar and gained Rs1.40 to reach Rs132.40 in intraday trade in the interbank foreign exchange market.

Last day the rupee ended at a record low of Rs133.80. However, the monitoring of central bank and expected inflows under new IMF bailout package the local unit made gains.

During today’s trade the rupee recovered to Rs131.80 against the dollar but due to demand, it lost value against the greenback.

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