It will be bad for exporters and country. Reer of currency will go above 120 if this happens. SBP will not allow it and will buy dollar from banks due that it will allow CA to wide up and encourage import.Wait till rupee goes free float next month. A short spike maybe seen, but rupee should settle in the 130-140s eventually..
Imports are curtailed by the govt and.must remain so till exports pick up in mass. About time exporters rely on high volume rather than fat exchange range.It will be bad for exporters and country. Reer of currency will go above 120 if this happens. SBP will not allow it and will buy dollar from banks due that it will allow CA to wide up and encourage import.
© Copyrights 2008 - 2025 Siasat.pk - All Rights Reserved. Privacy Policy | Disclaimer|