dollar at 2 years low - 96 rupee = 1$

[Evil Flare]

Meanwhile:

Trade deficit at $13.9b, leaves behind IMF estimate

Only a matter of time .. Rupee will again bounce to above 100

 

[Bilal.]

Meanwhile:

Trade deficit at $13.9b, leaves behind IMF estimate

Excellent, so the trade deficit is down 5.5% on YoY basis. No wonder Rupee is doing good.

 

[karan.1970]

Its simply a factor of Saudi hand out and the news about $2 billion Bonds sale by Pakistan. Pakistan is trying to shore up the Rupee by increasing reserves thru debt. Not a very sane strategy imo

 

[Bilal.]

Its simply a factor of Saudi hand out and the news about $2 billion Bonds sale by Pakistan. Pakistan is trying to shore up the Rupee by increasing reserves thru debt. Not a very sane strategy imo

And reduction in trade deficit and an almost 12% increase in remittances has no role in it, sure...

 

[VCheng]

Excellent, so the trade deficit is down 5.5% on YoY basis. No wonder Rupee is doing good.

What does the word "DEFICIT" mean? Does that mean doing well?

 

[Bilal.]

What does the word "DEFICIT" mean? Does that mean doing well?

What part of 5.5% reduction means doing worse?

 

[Secularpakistani]

The loan given by KSA is still working

 

[farhan_9909]

How it is possible that only 1.5Billion dollars brought it down to 96 from 108?and reducing

 

[xyxmt]

I watched on News today the rupee to dollars rate in different rulers' era even if we hate zia the rupee to dollar was still $1=10.84/- and it was even during the 71 war and at the end rupee was stable and remained constant value from Gen Ayub era to Gen Yahya but went up in the era of bhutto lutto and when zia took over by till his death it went up as much as 14/- and than the ultimate death of rupee started by these two political musical chair parties.

Musharraf was in power and he could have played well exercised to cut down the value artificially and how we would have loved it but he too did not...rupee should have been between 40-45 to a dollar constant..It is funny why afghani currency is strong compared to Pakistan Rupee but recently has gone up from 45 to 57 something that has to do with US and karazai rift nothing economics involved.

rupee was pegged to dollar and General Zia's time rupee was allowed to free float, ever since that time rupee has gone up up and above...doesnt matter who the ruler was, some control the parity tighter than the others.

 

[Imran Khan]

How it is possible that only 1.5Billion dollars brought it down to 96 from 108?and reducing

bhai this nation can't accept anything good can happen to country now they were shouting and blaming if its go up 10 rupee but if go down to 96 they are still blaming too

 

[farhan_9909]

bhai this nation can't accept anything good can happen to country now they were shouting and blaming if its go up 10 rupee but if go down to 96 they are still blaming too

I don't blame them.Pichle Panch saalo main kuch acha hi nahin hua is liye acha sunnay ki addat hi khatam ho gye ha shaid

but gradually they will be back,I ams sure :d

 

[VCheng]

What part of 5.5% reduction means doing worse?

The part that the other 94.5% constitutes is still a multi-billion dollar deficit.

rupee was pegged to dollar and General Zia's time rupee was allowed to free float, ever since that time rupee has gone up up and above...doesnt matter who the ruler was, some control the parity tighter than the others.

Because as long as Pakistan consumes more than it produces, the long term trend of its currency will remain towards devaluation. There is no escaping this basic fact.

 

[Bilal.]

bhai this nation can't accept anything good can happen to country now they were shouting and blaming if its go up 10 rupee but if go down to 96 they are still blaming too

We have become addicted to feeling miserable. Seriously.

The part that the other 94.5% constitutes is still a multi-billion dollar deficit.
.

Worse: in a more evil, wicked, severe, or disadvantageous

Better: More advantageous or favorable; improved

So if the trade deficit got reduced by 5.5% it is better not worse. I am sure it's not difficult to comprehend, try a tad harder, you can do it!

 

[karan.1970]

And reduction in trade deficit and an almost 12% increase in remittances has no role in it, sure...

Remittances to Pakistan have been increasing year on year anyway.. So thats not a new phenomenon..

The trade deficit figure is actually worse than expected by 1.4 billion USD. The $ 2 billion Bond Program will mainly be used to neutralize that.

How it is possible that only 1.5Billion dollars brought it down to 96 from 108?and reducing

$ 1.5 billion represents 20% increase in Pakistan's foreign reserves, translating to approx 13% increase in Rupee value. Nothing strange about it.

 

[Donatello]

The part that the other 94.5% constitutes is still a multi-billion dollar deficit.



Because as long as Pakistan consumes more than it produces, the long term trend of its currency will remain towards devaluation. There is no escaping this basic fact.

So does USA.