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Govt in anxiety over rupee’s slide

Wood

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Mar 30, 2013
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Flood impact do not happen this fast at macroeconomic levels.

More to do with unending fiscal blunders.

PKR crossed 240
Such dramatic fall within a short period could be because of speculators. Recall the George Soros bet against UK pound.


I think that because of the devastation due to flood, the speculators are gambling that Pak GDP will tank. This has led to an oversold PKR.
 

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