Rupee Made Sharp Recovery of Nearly Rs14 and Closing at Rs285.08

12, May , 2023

Newstoday: The dollar price is rising continuously but the rupees show some leverage in its falling market. Today in the international market, the cost of the rupee has risen to Rs 14 and ends today at Rs 285.08. The reason behind its price increase is the demand for foreign and the release of payments of oil. Another reason is the devastating things happening in the country of Pakistan after the arrest of Imran Khan.

But, there is a fear of increasing dollar prices in the future due to the demand and the deal of IMF with Pakistan. The IMF team has demanded from Pakistan affairs members to present the budget sheet and show the statement of loan categories and the investment sheet. There is a huge horizon between them that could only sort out through diplomatic talks and deals.