Karachi: (Lord Media) The rupee continued its strengthening trend against the dollar for the 96th consecutive day in the interbank market on Monday, while the dollar’s value remained stable in the open market. The rupee’s strength in the interbank market was attributed to the fulfillment of three financial conditions set by the IMF and the World Bank’s head supporting a $20 billion development package for Pakistan.
Economic stability, improved financial management, and recovery in economic sectors led to a decrease in the dollar’s value, which at one point fell by 25 paisas to 279.46 rupees.
However, due to increased demand for import requirements, the dollar closed at 279.70 rupees by the end of trading, while in the open market, the dollar’s value remained stable at 280.75 rupees.
Inflation is forecasted to remain within the target range of 5 to 7 percent for the fiscal years 2026 and 2027, while the current account deficit is expected to stay between zero and one percent of GDP.
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