Market speculation suggests that exporters have stopped selling dollars in the inter-bank market on rumours the rupee will fall to around Rs200. “The rupee volatility will end with successful conclusion of talks between Pakistan and the IMF in October,” said Arif Habib Limited Head of Research Tahir Abbas. Market speculation suggests that exporters have stopped selling dollars in the inter-bank market on rumours that the rupee will fall to around Rs200. Abbas and Rauf said that the forthcoming talks between Pakistan and the IMF were no solid reason for the rupee depreciation. “This suggests the rupee will consolidate around current levels.”Published in The Express Tribune, September 28th, 2021.

Source: The Express Tribune September 28, 2021 03:56 UTC