On Tuesday, the Pakistani rupee had closed at Rs167.6508 after touching it’s all-time low during the day. The value of the Pakistani rupee has been depreciating against the US dollar since June 15, marking consecutive losses. “Today the Pakistani Rupee is only 8 per cent cheap to its long-term average rate on our Real Effective Exchange Rate (REER) model. Will foreign inflows strengthen the Pakistani rupee? Similarly, Khadim Ali Shah Bukhari Securities Managing Director Arsalan Soomro seems certain that the Pakistani rupee will stabilise.

Source: Pakistan Today June 24, 2020 13:18 UTC