KARACHI: The rupee value appreciated by paisas 7 against the dollar, as the greenback is being bought at Rs79.30 and selling at Rs79.35 at the inter-bank on Thursday.

Upon the approval of loans by world financial institutions, the rupee value was seen gaining value.

Forex market dealers said the sale of dollars recorded increase as investors opted for off loading their US currency holdings.

The boost in dollar supply in the market resulted in strengthening of rupee as the dollar was being bought at Rs78 and sold at Rs80 in open market.