Tue, 21-Oct-2025

Exchange rate volatility likely to continue

Exchange rate volatility likely to continue

KARACHI: The volatile exchange rate is expected to continue next week, owing to higher dollar demand for import and corporate payments by the year-end. The rupee ended the week with an all-time low of Rs178.04 on December 17, 2021. The local currency lost 33 paisas, or 0.2 per cent, during the week, despite harsh measures … Read more

Rupee likely to remain under pressure next week

Rupee

KARACHI: Large import bill and a significant decline in the foreign exchange reserves may further destabilise the rupee next week, dealers said. The higher import bill and a decline in the forex reserves have deteriorated the value of the local unit to the historic low of Rs176.77 against the dollar on December 3, 2021. The … Read more