US dollar dips to Rs163. 5 in interbank

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KARACHI: The US dollar on Friday fell by Rs3. 3 in the interbank market.

Percentage wise, the rupee recovered significantly as the dollar dipped 1.9 per cent.

The US dollar closed at Rs163. 5 in the interbank.

Economic experts linked the development to the latest $1.3 billion IMF disbursement to Pakistan to deal economic fallout from coronavirus pandemic.