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RSS FeedsRupee may extend losses
(WorldNews Pakistan)


11 november 2018 02:47:18

Rupee may extend losses
(WorldNews Pakistan)

The rupee is likely to extend losses next week, driven by weak macroeconomic fundamentals and expectations of a further fall to meet the IMF demand for more flexible exchange rate, analysts said. The rupee will breach the 133 level and weaken to 134 in the coming week, as most analysts expected. “The IMF mission’s visit to Pakistan will keep up the downward pressure on the currency. The government also seems to boost exports and lower the imports by depreciating the rupee,” an...
4 viewsCategory: General > Asia > Pakistan
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