The rupee maintained its upward momentum in the interbank foreign exchange market early Tuesday as it gained Rs1.06 against the dollar, according to the State Bank of Pakistan.

The dollar closed at Rs289.80. Though the foreign currency has been following a downward trajectory against the rupee after the “crackdown” on illegal money exchangers, many experts have called for long term reforms to have stability.

The value of the foreign currency also eased in the open market as it shed Re1 in the midday trading on Tuesday. The dollar was trading at Rs292 in the open market.

Meanwhile, the Pakistan Stock Exchange was trading in positive territory as the benchmark KSE-100 Index gained 54.04 points or 0.12% and was trading at 46,447.71 levels in the early trading session.

But the stock market closed at 46,277.65 after shedding 116.02 points, against the previous day’s closing of 46,393.67.