Pakistan Stock Exchange's (PSX) benchmark KSE-100 index jumped more than 1,000 points as the country expects to sign a deal with the International Money Fund (IMF) to unlock much-needed funds, local media reported.
Analysts forecast Pakistani rupee to remain between Rs161-166 against US dollar in 2021
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Analysts predict rupee to adjust during the second half of FY2021
Currency parity in 2021 dependent on import bill, international oil prices, external debt repayments and financial inflows, and resumption of IMF s extended fund facility
KARACHI: Analysts have forecast that the rupee will remain between Rs161 and 166 against the US dollar in the coming year, taking cue vividly now from market forces. This means imported inflation and COVID-19 management will guide its direction.
According to
The News, analysts have said that the rupee will weaken next year.