Insaf Research Team (IRT)
FLUCTUATION OF US$ & ITS IMPACT ON THE ECONOMY OF PAKISTAN
mpacts of US$ Decline on the Economy of Pakistan:
The Rupee Dollar parity now stands at 97.6 in the inter-bank market increasing by Rs.1.40 from the first day of current week as in the graph below. Overall Pak Rupee is gaining strength as far as the US$ have declined dramatically10%+ within 10-days all the charts defining the real picture of US$ Vs PKR game According to the forex market experts, the open market rates for the greenback were Rs99.90 in buying and Rs100.45 in selling. However, the inter-bank rates dropped further to Rs99.50 in buying and Rs99.70 in selling in the mid of March-2014. The ongoing trend in the open market suggests that the value of the rupee has fallen by 0.99 per cent from Monday, and dropped by 5.64 per cent since January.