Rupee bounces back against US dollar

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KARACHI:            The Pakistani rupee on Friday bounced back against the US dollar gaining Rs0.73 at the start of trading in the interbank market.
The dollar was trading at Rs157.70 and since its peak of Rs164.25 on June 27 has fallen by Rs6.75.
The decline in the cost of the dollar will help reduce the debt burden by Rs600 million.