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Rupee depreciates around 1%


Rupee depreciates around 1%
KARACHI:
Pakistani currency depreciated Rs1.54, or 0.95%, and closed at a nine-month low of Rs161.48 against the US dollar in the inter-bank market on Monday apparently due to increase in the outflow of foreign currency on account of a significant rise in imports.
The currency had last closed above that level at Rs161.82 on October 22, 2020.
The rupee came under pressure the same day when the State Bank of Pakistan (SBP) announced that the current account balance had turned into a deficit of $1.6 billion in June - the highest since December 2018.
The spike in the deficit, which was reported after the close of inter-bank market, still impacted the rupee-dollar exchange rate. ....

Khurram Schehzad , Development Samiullah Tariq , Pakistan Kuwait Investment Company Head Of Research , State Bank , Kuwait Investment Company Head , Alpha Beta Core , வளர்ச்சி சாமிிுள்லாஹ் தாரிக் , பாக்கிஸ்தான் குவைத் முதலீடு நிறுவனம் தலை ஆஃப் ஆராய்ச்சி , நிலை வங்கி , குவைத் முதலீடு நிறுவனம் தலை , ஆல்பா பீட்டா கோர் ,