The US dollar has strengthened against the Pakistani rupee, driven by fresh inflation data and monetary policy expectations. The interbank rate saw the dollar trading higher, as concerns over domestic inflation and global economic trends weigh on the rupee.
Pakistan’s economy continues to face challenges, including a widening trade deficit and fluctuating foreign exchange reserves. These factors have amplified the dollar’s demand in local markets. Additionally, recent developments, such as the European Central Bank’s (ECB) decision to cut rates, have also impacted global currency dynamics, with the euro weakening against the dollar.
Economists predict that the rupee may stabilize in the medium term if remittances increase and foreign investments flow into the country. However, ongoing efforts
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