Business News: Pakistan Rupee Becomes the Best Performing Currency in September, Know More

Business News:  The Pakistani rupee climbed 6% in September and performed the best versus the US dollar. This month, the Pakistani Rupee appears to be the best-performing currency in the world, and it has the potential to become the best-performing currency. On the other side, the Pakistani government has increased its crackdown on anyone engaging in illegal dollar transactions. According to Prime Minister Anwar-ul-Haq Kakkar, "the rupee's appreciation is fueling optimism for stability."

Is Pakistani Rupee Beating Dollars?

On Thursday, the Pakistani rupee increased by 0.1 percent to 287.95 per dollar versus the US dollar. In the same month, the Pakistani rupee fell to a low of Rs 307 versus the US dollar. Globally illegal dollar transaction has helped to turn this currency's fortunes upside down. Meanwhile, Thailand's and South Korea's currencies have declined versus the dollar this month, as interest rates in the United States are likely to remain high for a long time.