Saturday, November 23, 2024

Forex Traders Predict Rupee Stabilising at Rs. 185 Level

Rupee currency on its way to stabilise, given the growing trend of rupee against dollar and a possible bailout package from IMF (International Monetary Fund), Forex traders are hoping the ride to settle at Rs185 against US dollars by the end of the month.

Malik Bostan, the chairman of the Exchange Companies Association of Pakistan stated that Pakistani rupee is stabilizing further after Pakistan country receives IMF funds, as this money would help in order to support the currency and boost up the foreign reserves.

In an additional, expecting the rupee trading at 185 level soon.

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