KARACHI: Pakistani rupee showed stability against US dollar in the inter-bank market on Tuesday compared with Monday’s close of Rs115.5/115.7.
The rupee remained constant against the dollar at Rs115.5/115.7
As per Central bank report, rupee showed a downward trend nearby to 9% of its value, since December. The main reason of such negative trend is an answer of the burden created due to broadening of current account deficit.
According to State Bank of Pakistan, rupee value mainly depends upon the supply & demand of foreign exchange and its related products in the inter- bank market.
But, the gap between the inflows and outflows may lead to compression on the foreign exchange reserves and rupee-dollar parity in the coming days.
