Karachi: According to the economic analysts, the Pakistani rupee will show some progress against the dollar in the upcoming week. Due to the demand for the dollar, the rupee followed a pattern of range-bound trading during the last week.
On Friday, the dollar closed at Rs177.50 compared to Thursday’s closing at Rs177.83. Earlier on Monday, the dollar had closed at Rs177.47. The State Bank of Pakistan’s upcoming assessment of the economy after the Ukraine-Russia war will have a glaring effect on forthcoming trends in trade.
Regarding the policy rate, the analysts hope that no change will occur and Monetary Policy Committee will keep the rate at 9.75 per cent.
