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OMG Dollar selling at the rate of Rs.120 in open market

USD is trading at Rs.115 against PKR in open market.
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this is all based on sentiments wait and dollar will hit 128 again in a week or two
It won't fell below Rs.125 for now. It fell due to free fall policy of PML-N govt and political uncertainty due to elections ahead. Thus after elections, it had to get back to its real value.
 
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Artificial or superficial changes are destined to ruptured. That devaluation was superficial and now this appreciation is also superficial and i am saying that since the drama started...
This has malafied intention behind it. Imo, things will be better foe for the honeymoon period of new government.
 
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Nope that billion is not in market yet or it is not at SBP disposal yet and such big fall cannot happen with just one billion dollar
Dollar slide began almost the moment it became clear that PTI would form next government and IK gave that speach. I think it's all about market confidence in the new dispensation. Maybe @Nilgiri can gave a word or two on this subject?

when I left Pakistan 1$ = 22 Rs
Bah. When I was born the dollar was equal to Rs 4.8. And that was under another great Khan - Gen Ayub Khan's era.
 
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