Rupee makes sharp recovery on anti-smuggling initiatives
The rupee gained Rs2.95 to close at Rs273.33 against the greenback from the previous day’s closing. The rupee had recorded the all-time low of Rs276.58 to the dollar on February 3, 2023. The exchange rate outlook is bleak, as the official foreign exchange reserves fell to around nine-month low. KARACHI: The rupee made sharp … Read more