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Rupee comes out of sudden swings, banks on foreign inflows A representative image KARACHI: The rupee comes out of sudden swings and is expected to remain stable during the current fiscal year because of being market-determined, although it may lose further value on anemic foreign inflows, analysts said on Wednesday. In interbank trade, rupee appreciated by 6.25 percent in FY2021. On Wednesday, the rupee closed at 157.54 per dollar, 0.13 percent stronger than the previous close of 157.7 in the interbank market. In the open market, the rupee rose by Rs10 or six percent. The rupee ended at 158 to the dollar, compared with 158.20 on Tuesday. It closed at 168.05 on June 30. ....
KARACHI: Pakistan’s current account deficit widened 236 percent month-on-month in May due to downbeat remittances and exports, according to the central bank’s data.The State Bank of. ....