Rupee going to strengthen against Dollar
The International Monetary Fund (IMF) injected $498.7 million into Pakistan's foreign exchange reserves through the Extended Financing Facility (EFF) scheme.
According to the State Bank of Pakistan, total reserves increased by $378 million to $20.83 billion by the week ended March 26, 2021, following the repayment of external debt (SBP).
The large inflows increased the rupee's stability against the dollar, lowering the cost of imported goods in the long run
0 Comments