Pakistan rupee stable, dollar supply issues persist.
Pakistan rupee stable, dollar supply issues persist. Since the previous meeting of the MPC, analysts have estimated that the value of the Pakistan rupee has been stable between Rs218 and Rs224 per dollar. The volatility previously observed in interbank rates has transferred to open, black market prices. Despite low foreign exchange reserves, the supply-demand imbalance for the dollar continues. Karachi: On Friday, the Pakistani rupee finished trading relatively flat about the US dollar. This was due to the continued demand from businesses for the US currency and the limited supply. According to data from the State Bank of Pakistan, the currency's value decreased by Rs0.02, or 0.01%, to finish the day at 223.94 on the interbank market (SBP). Since the latest meeting of the Monetary Policy Committee (MPC) on October 10, 2022, the currency's value has been trading in a range that extends between Rs218 to Rs224 for every dollar. This information comes from an AKD Research ...
