Rupee stable against dollar

The rupee remained stable against the US dollar at Rs152.83 in the inter-bank market


Our Correspondent April 16, 2021
A bidder said that the evaluation report of the licensing committee that was uploaded on the PPRA website concealed the financial cost of each bidder. PHOTO: FILE

KARACHI:

The rupee remained stable against the US dollar at Rs152.83 in the inter-bank market on Thursday compared with Wednesday’s close of Rs152.83, according to the State Bank of Pakistan (SBP). Earlier, the SBP let the rupee depreciate massively in the inter-bank market after finalisation of an agreement with the International Monetary Fund (IMF) for a loan programme on May 12, 2019. 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, April 16th, 2021.

Like Business on Facebook, follow @TribuneBiz on Twitter to stay informed and join in the conversation.

Our Publications

COMMENTS

Replying to X

Comments are moderated and generally will be posted if they are on-topic and not abusive.

For more information, please see our Comments FAQ