Pakistan Rupee now at Rs 125.5 to a US dollar in Interbank Market

[SunilM]

http://video.dunyanews.tv/index.php...-hits-all-time-high-of-Rs-128.75#.W02oMBvhWhA

 

[El Sidd]

http://video.dunyanews.tv/index.php...-hits-all-time-high-of-Rs-128.75#.W02oMBvhWhA

haye haye !!

 

[SunilM]

129.5 open market!

129.5 open market!

thanks to army courts and awaam for supporting corruption and corrupt a holes!

in few days we will have no money and most of the great leader will pack their bags and leave boots coats and votes all in one flight out of Pakistan!

Wait for early 2019 when the rekodiq final award is passed. Then you will see what happns to the rupee!!

 

[Skull and Bones]

What is the inflation rate in Pakistan?

 

[hum watan]

We should not lose hope. We should have faith in Army.

 

[SunilM]

Pakistani govt demanded bailout packqge of 21 billion from IMF, and has been offered just 5 billion dollars. Time for Pakistan to make up with Trump.

 

[newb3e]

Wait for early 2019 when the rekodiq final award is passed. Then you will see what happns to the rupee!!

and this concerns you how?

 

[hassan zohaib]

Another round of devaluation took place on Monday as the US dollar climbed to all-time high of Rs125.50 in the interbank market in early trading amid the recent spate of attacks on politicians ahead of general polls.

The dollar gained by a further Rs4 against the rupee to touch its new high in the interbank market, a private news channel reported. The dollar has gained by Rs20 in the interbank market since December 2017.

The greenback also reached its record high of Rs125.20 in the open market today, traders said.

Besides political instability before the elections set to be held on July 25, the rupee devaluation also shows signs of vulnerability in the country’s economy.

Pakistan’s external debt increased by Rs360 billion in a single day after the dollar strengthened in the market.

https://en.dailypakistan.com.pk/bus...-rs126-against-us-dollar-in-interbank-market/

I told you so.It will reach Rs 130 by August end and maybe Rs 150 to a dollar by year end.

UPDATE : It has reached 128.6 today itself!! Its a meltdown!!

UPDATE 2 : its reached 129.4 now. SBP has no dollars to save the Rupee!!

It had to be happened because imports are getting higher and higher since the CPEC has been started and it is expected to continue till CPEC starts to give fruit..
Another factor is that structural weaknesses are there in Pak economy and when Pak goes to lending institutions which demand these adjustments rectified cause rupee to devalue..Hence this phenomena will continue till 2019

 

[SunilM]

It had to be happened because imports are getting higher and higher since the CPEC has been started and it is expected to continue till CPEC starts to give fruit..
Another factor is that structural weaknesses are there in Pak economy and when Pak goes to lending institutions which demand these adjustments rectified cause rupee to devalue..Hence this phenomena will continue till 2019

Fruits of cpec? Really ? As of now the only thing looking a certanity is pkr ar 150 to a dollar.

 

[kalakaar]

What is the inflation rate in Pakistan?

7.10 percent.

 

[BHarwana]

Dear India don't worry this is only for 15 more days lol. Your dream bubble will burst.

 

[Roybot]

Dear India don't worry this is only for 15 more days lol. Your dream bubble will burst.

May I know what turn around are you expecting in 15 days?

 

[hassan zohaib]

Fruits of cpec? Really ? As of now the only thing looking a certanity is pkr ar 150 to a dollar.

Yeah friits of CPEC,when exports start 2 grow, income of people start to increase etc..And it can be expected in end of 2019..
No it cant go to 150 in coming weeks because this adjustment wasn't required by any foreign institution but,imo, a candid motive behind it..
When new govt will come into power then the new govt will go to lending institution and then they will demand devaluation to some extent but till then it may be expected that it would be managed at below 130...

 

[SunilM]

Yeah friits of CPEC,when exports start 2 grow, income of people start to increase etc..And it can be expected in end of 2019..
No it cant go to 150 in coming weeks because this adjustment wasn't required by any foreign institution but,imo, a candid motive behind it..
When new govt will come into power then the new govt will go to lending institution and then they will demand devaluation to some extent but till then it may be expected that it would be managed at below 130...

What does cpec in its current form have to do with exports?

 

[hassan zohaib]

What does cpec in its current form have to do with exports?

And when did i say about exports in current form of CPEC?
I just talked about importsand current account deficit?
If we bifurcate trade account then we will come to Know that our machinery imports and other CPec related imports have been rising. This is the one of the main reason, at least in theory, behind such sudden devaluation...
Got my point...