Inter-bank market: Rupee stable against dollar
IMF has asked Pakistan to end state control of the rupee and let the currency move freely
PHOTO: FILE
KARACHI:
The rupee remained stable against the dollar at Rs156.3/156.8 in the inter-bank market on Thursday compared with Wednesday’s close of Rs156.3/156.8, according to forex.pk. Earlier, the SBP let the rupee depreciate massively in the inter-bank market after finalising an agreement with the International Monetary Fund (IMF) for a loan programme on May 12. The IMF has asked Pakistan to end state control of the rupee and let the currency move freely to find its equilibrium against the US dollar and other major world currencies.
Published in The Express Tribune, September 6th, 2019.
The rupee remained stable against the dollar at Rs156.3/156.8 in the inter-bank market on Thursday compared with Wednesday’s close of Rs156.3/156.8, according to forex.pk. Earlier, the SBP let the rupee depreciate massively in the inter-bank market after finalising an agreement with the International Monetary Fund (IMF) for a loan programme on May 12. The IMF has asked Pakistan to end state control of the rupee and let the currency move freely to find its equilibrium against the US dollar and other major world currencies.
Published in The Express Tribune, September 6th, 2019.