NewsThe Rupee Started To Stabilize Against The Dollar

March 18, 2021Zayn0

The rupee was stabilizing against the dollar. In the interbank market, the dollar depreciated by 70 paise, the dollar rose to Rs. 155 and Rs. 90 paise. The dollar depreciated by Rs. 3,20 a month.

Economists say one of the main reasons for the depreciation of the US dollar against the rupee is Prime Minister Imran Khan’s digital bright program in which a large number of Pakistanis are sending money to the country.

Experts say that the arrival of record remittances in the country over the past nine months is also a good omen for the country’s rupee. In the next few days after the resumption of the loan program by the IMF A new installment of the loan program will be received.

According to experts, more remittances may be received in the next two months as over the next two months, due to Ramadan and Eid, overseas can send money to a Pakistani country, which is a strong possibility that the dollar against Rs. The price will fall below 150 rupees.

 

Zayn

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