comparemela.com

Latest Breaking News On - பத்திரங்கள் இயக்குனர் ஆராய்ச்சி சையத் அத்திப் ஸ்யாஃபார் - Page 1 : comparemela.com

Pakistan s REER index hits equilibrium

Pakistan’s REER index hits equilibrium Further gain in rupee, inflation may make exports uncompetitive KARACHI: Pakistan’s real effective exchange rate (REER) hits equilibrium. However, a further appreciation in rupee against a basket of major trading partners’ currencies and increase in domestic inflation reading would make the country’s exports uncompetitive. The REER index increased 3.37% to 100.50 in March 2021 compared to 97.22 in February, Pakistan’s central bank reported on Thursday. REER returned to over 100 reading on the index after over two years. A further increase in the rate would make Pakistan’s exports uncompetitive and would make imports cheaper. REER increased after the rupee-dollar exchange rate hit 22-month high at Rs152.75 to the US dollar on March 31 and inflation surged 9.1% in March.

© 2024 Vimarsana

vimarsana © 2020. All Rights Reserved.