Weekly currency update: Pakistani Rupee to remain stable in coming week
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Sunday Apr 04, 2021
Men exchange Pakistani banknotes at a shop counter in Peshawar, Pakistan, November 17, 2017. Photo: Reuters/File
Traders expect Pakistani rupee to remain range-bound against the US Dollar next week.
The Rupee started the week at 154.04 against the dollar.
The Rupee breaks anticipated support levels, racing past pre-Covid levels, gaining 0.8% to 152.76 in a couple of days.
KARACHI: Traders expect the Pakistani rupee to remain range-bound against the US Dollar next week, as inflows from remittances and Roshan Digital Account (RDA) are expected to meet importers’ demand,
The rupee started the week at 154.04 against the Dollar.
Rupee likely to remain stable
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Rupee likely to remain stable
thenews.com.pk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thenews.com.pk Daily Mail and Mail on Sunday newspapers.
The Roshan Digital Account a joint effort of the SBP and federal government was inaugurated by Prime Minister Imran Khan in September. Reuters/File
KARACHI: The Roshan Digital Account (RDA) has started picking up pace as it has crossed $800 million in six months, with the highest amount of $212m received in March, reflecting the rising trend of inflows.
“A big thanks to our Overseas Pakistanis! #RoshanDigitalAccount deposits have crossed $800m, after an inflow of $212m in March. Inflows have been accelerating every month since the RDA launch in September 2020,” the State Bank of Pakistan (SBP) tweeted on Thursday, as the total RDA deposits have reached $806m.
Foreign investors return to Pakistan Investment Bonds with $240m - Newspaper
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