The change brought the dollar’s value to Rs287.74.

The dollar had begun trading at Rs289.80 on Wednesday, falling to Rs288.74 by the close of the day’s trading.

The rupee gained 6.1% in September following a clamp down on illegal foreign exchange trade in grey and black markets by security agencies.

The campaign against the informal market resulted in tens of millions of dollars pouring back into Pakistan’s interbank and open markets, dealers said, following raids on black market operators that began on Sept 6.

(With input from Reuters)