thenews.com.pk 20 Sep, 2020 03:45 am

Rupee may stay firm

Rupee may stay firm
KARACHI: The rupee is expected to remain range-bound against the dollar in the coming week, as the market awaits clues on the monetary policy announcement due on Monday.Importers’ demand for...

Business September 20, 2020 KARACHI: The rupee is expected to remain range-bound against the dollar in the coming week, as the market awaits clues on the monetary policy announcement due on Monday.“I think more market players will wait to see what the central bank’s September monetary policy will have implications for the rupee before taking fresh positions,” a currency dealer said.Since the State Bank of Pakistan (SBP) has announced the date of the monetary policy meeting, there is considerable debate on the potential outcome.40) and a global trend of easy monetary policy.

Remittances to Pakistan rose to $4.FDI in Pakistan rose 40 percent to $226.

Read full story at thenews.com.pk