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Pakistani Rupee Hits to Its Highest Value

For the upcoming week, dealers predict that the Pakistani rupee will maintain a constant value versus the US dollar, citing the matching supply and demand of the dollar as their basis.

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The rupee value recently closed at Rs. 156.99 against the US dollar, according to today’s official report. This represents an increase of 14 paisa over the value closing on Friday, which was Rs. 157.13 against the dollar in the interbank market of currencies.

The document by Arif Habib Limited records that this value is the highest since March 9, 2020.

According to him, any increase in the demand for dollars to pay for imports could be easily covered by inflows into the local market. He further stated that the anticipated next range is between Rs. 157 and Rs. 157.15 per dollar.

Read More: FBR Increases Custom Values of Raw Materials

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