The rupee fell against the dollar for the second consecutive session of the week in the interbank foreign exchange market on Tuesday.

The greenback gained 52 paisas and was trading at Rs281.47 at the closing of the market, as against the closing of Rs280.95 the previous day.

It is pertinent to mention that Pakistan has met all the prerequisite conditions of the International Monetary Fund (IMF) with a hike in the prices of natural gas, the petroleum levy on petrol and achieving the tax collection target set by the global lending institution.

The IMF team is scheduled to arrive in Pakistan on November 2 and the disbursement of $700 million under the $3 billion standby arrangement will give a boost to the foreign exchange reserves of the State Bank of Pakistan.

Meanwhile, the Pakistan Stock Exchange remained positive as the benchmark KSE-100 Index gained 437.35 points, or 0.85% to reach 51,920.27 levels at the closing of the market.

Similarly, the KSE-30 Index gained 131.95 points, or 0.75% to reach 17,782.11 levels at the end of the trading session on Tuesday.