The rupee strengthened against the US dollar at Rs175.48 in the inter-bank market on Wednesday compared with Tuesday’s close of Rs175.72, according to the State Bank of Pakistan (SBP). On November 29, 2021, Pakistani currency touched an all-time low of Rs176.2 as demand for the foreign currency stood higher compared to its supply in the wake of expanding current account deficit and uncertainty about the resumption of IMF loan programme.
Published in The Express Tribune, December 2nd, 2021.
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