Karachi October 26 2021: Pak Rupee is likely to rebound from today’s closing of 175.27 as Real exchange Rate (REER) keeps on improving as per data published by State Bank Of Pakistan (SBP).
The REER index fell to 95.9 in Sep-21, depreciating by 0.7% compared to last month.
Cumulatively, REER has depreciated by 4% since the beginning of FY22 and by around 7% from its recent peak of 103 in Apr-21.
Dollar at interbank up by 84 paisa to close at 175.27. Dollar since its low of 152.28 in May 2021 up by 22.99 rupees due to pressure of debt repayments of PKR 2750 billion. Since the start of FY22 dollar gained by 17.73 rupees. On June 30, 2021 dollar closed at 157.54 rupees and gain 11.2 percent since then.
