Karachi: The rupee has become stable against the dollar at PKR 124\/124.2 in the inter-bank market, as compared to previous days, according to a news report. This is attributed to China\u2019s agreement to lend Pakistan USD 2 billion, which has spread a wave of positivity in the market.<\/p>\n
Overall, the rupee has recovered by 3.36% from when it sunk to KR 128.5\/ USD 1 during last month. Before this, since December 2017 the Pakistani rupee had lost its value by 22% as the central bank decided not to intervene and let the Rupee free-float as per market expectations. Even now the State Bank of Pakistan isn\u2019t interfering in the value and is letting it freely float.<\/p>\n","protected":false},"excerpt":{"rendered":"
Karachi: The rupee has become stable against the dollar at PKR 124\/124.2 in the inter-bank market, as compared to previous days, according to a news report. This is attributed to China\u2019s agreement to lend Pakistan USD 2 billion, which has spread a wave of positivity in the market. Overall, the rupee has recovered by 3.36% from when it sunk to KR 128.5\/ USD 1 during last month. Before this, since December 2017 the Pakistani rupee had lost its value by 22% as the central bank decided not to intervene and let the Rupee free-float as per market expectations. Even now the State Bank of Pakistan isn\u2019t interfering in the value and is letting it freely float.<\/p>\n","protected":false},"author":60,"featured_media":40668,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[],"tags":[6828,6827,2193,5668],"persona":[],"class_list":{"0":"post-41143","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"tag-dollar","8":"tag-rupee","9":"tag-stability","10":"tag-usd"},"acf":[],"yoast_head":"\n