Pak Rupee goes up against dollar

The national currency against dollar appreciated by paisa 40 in the inter-bank trading today, as it was being bought at Rs79.30 and sold at Rs79.50. Forex market dealers said that the stability in the value of rupee since last several days gave confidence to the people and spurred positive sentiments among the business community, which prompted exporters selling more dollars in the market. On the other hand, the financial assistance extended by the International Monetary Fund (IMF) further gave impetus to the strengthening rupee in the market. Dollar in open market today was being bought at Rs79.50 and sold at Rs80.