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Rupee expected to remain stable after volatile week, say traders
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A representational image. Photo: File
Positive sentiments in market for rupee after APG increases Pakistan s ranking on the FATF s recommendations.
There won t be a higher demand for dollar next week, says a trader.
The outgoing week was a volatile one for Pakistani rupee, due to increase in demand for dollar, spike in international oil prices.
The Pakistani rupee is expected to remain stable throughout the next week after the positive sentiment for the currency in the market following the Asia Pacific Group (APG) improved Pakistan s ranking on 21 of the 40 recommendations of the Financial Action Task Force (FATF).
KARACHI: The rupee is expected to remain stable next week, amid slowing appetite for the hard currency, as well as positive sentiment after the Asia Pacific Group improved Pakistan’s rating.
The Pakistani Rupee (PKR) lost the upward momentum from Friday and yesterday and once again posted deterioration against the US Dollar (USD). The final