Rupee Strengthens to Rs197.59 in the Inter-Bank Market

The continuous increment in the value of rupee is the result of inflow of foreign currency in the market. Since those who are exporters are now selling their dollars and increasing the supply of dollars in the market considering the appreciation of the rupee. This will increase the foreign reserves which would be helpful in paying loans and import bills. However, Miftah Ismail, the finance minister in his last briefing also assured that China has also refinanced the loan of $2billion which can now be used for paying other expenses. The result will be clearer and bring relief to the people in the coming month, says Miftah.