Usually I write about US Dollar getting stronger against Pak Rupee but today, I am writing about the opposite : )
Pak Rupee has fallen from Rs.60 to Rs.80 in quite a quick time period. Then recently, Rs started to get weaker again: Rupee reached 85 and even little above that in the interbank.
But from the last 2-3 days, Rs has recovered and currently, Rs is around 84.47 in the interbank. Before that, the rate was above Rs. 85.
Rate of Rs has also decreased in the open market, SBP and NBP.
At this point, I am not sure what the reason is, for Pak Rupee to have got stronger against US Dollar.
Will Rs get stronger against $ in the upcoming days?
Let’s wait and see what happens in the current business week.
