SBP let the rupee depreciate massively in the inter-bank market after finalising an agreement with IMF
The rupee has strengthened Rs6 against the greenback in the two days
Currency depreciated to record low of Rs156.96 against dollar
Currency moved both ways within a range of Rs156.50 to Rs157.07
Fresh plunge comes amid mounting import payment and foreign debt repayment pressure
It is nearly half the amount taken by PPP govt in its full five-year tenure
Major increase of Rs1.2tr in public debt came from 44% rupee depreciation
The decline in reserves was attributed to payments on account of external debt servicing
The price increase is a fraction of what was recommended, we could expect a further rise in prices later on
Meeting deliberates over doing business with China, UAE in Yuan, dirham