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Tag Archives: interbank

Deteriorating health of Pakistani rupee

  The rupee is presently being traded at around Rs104 to a dollar in the open market and at around Rs101 in the interbank market. The country’s falling foreign exchange reserves and current account deficit continues to widen keeping the rupee under pressure. Since inception of new government in June, the rupee has witnessed a rapid devaluation of about 2.4 percent. It means within two months. Though International Monetary Fund …

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