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US DOLLAR CROSSES RS175 MARK IN INTERBANK MARKET

Ghessan

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Dar inject billions of dollars taking loans to keep parity at desired level and that was his skill and competency which takes effects later. dollar if was let float at its momentum to gain equilibrium, the hype now created was never felt.

there are several matters that are going wrong with some powers behind it.

FATF politics, IMF, GSP+

besides, inflation hit all over the world, prices are exorbitantly high.

take palm oil as an example: increasing demand in importing countries besides constraint supply lines has increased the prices more than double in international market.

on the other hand hoarders are at another level, don't know who is backing them but we see news every alternate days of hoarding edibles like sugar, wheat, rice etc.
 

HAIDER

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200 predicted almost 2 years ago
Oil prices beyond control worldwide, except producing countries
Oil prices beyond control worldwide, except producing countries
 

FOOLS_NIGHTMARE

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Dollar at open market reaches highest level

Dollar at open market has reached its highest level with an increase of Rs1.50 to trade at around Rs179.50.

Sources told that dollar at interbank has crossed Rs176 level after a rise of Rs1.42. The currency is being traded at interbank at around Rs176.40.

It is to be mentioned here that dollar last made a high of Rs175.73 on November 12.

Earlier, US Dollar (USD) had closed at Rs174.98 against Pakistani Rupee (PKR) in interbank. The value of US currency was decreased by 6 paisa in interbank.

 

FOOLS_NIGHTMARE

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1637924871911.png
 

Patriot forever

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The open market rate.

Screenshot_20211126-170444.jpg


Bank rates for the same.

Screenshot_20211126-170820.jpg


SBP rate around 175.4


These rates you shared are different, they will give you less than interbank or open market when selling and will charge you more than even open market when buying. E.g. Western Union.

The REER value of currency is


The currency is undevalued by a margin right now, not overvalued. Open market rates will never fluctuate that much. The delta of 1-1.5% is normal, now at the higher side because of speculation and unnatural outflows mostly.

Technically our currency is 168 at the most. Anyone who is selling dollar will sell at a profit now anyone who buys for long will loose.
 

AZ1

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The open market rate.

View attachment 796769

Bank rates for the same.

View attachment 796770

SBP rate around 175.4


These rates you shared are different, they will give you less than interbank or open market when selling and will charge you more than even open market when buying. E.g. Western Union.

The REER value of currency is


The currency is undevalued by a margin right now, not overvalued. Open market rates will never fluctuate that much. The delta of 1-1.5% is normal, now at the higher side because of speculation and unnatural outflows mostly.

Technically our currency is 168 at the most. Anyone who is selling dollar will sell at a profit now anyone who buys for long will loose.
Yes shaukat tareen have said today that actual rate is 165 to 167.

So its just matter of time it will reverse.

we have 3 things to come in line.

IMF package, saudi $3 billion and oil price comes down so all will play its role.
 

Patriot forever

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Yes shaukat tareen have said today that actual rate is 165 to 167.

So its just matter of time it will reverse.

we have 3 things to come in line.

IMF package, saudi $3 billion and oil price comes down so all will play its role.

Yes that will boost confidence.
The most important factor is commodity prices. Oil prices coming down marginally due to reserve release by USA / China or due to gear of new covid variant, only time will tell if the downward trend continues or prices go up again in a couple of days.
Our country can not sustain crude beyond $65 - 70 at the current oil consumption/ growth rate.
 
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