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Tag Archives: Ramazan inflows arrest rupee’s fall

Ramazan inflows arrest rupee’s fall


May 26, 2019

KARACHI: The rupee’s fall seems to have dissipated due to excess supply of dollars in the open market amid seasonal effect of Ramazan followed by disappearing interest from buyers. “The inflow is high while the demand is almost at zero level. I believe currency dealers will deposit up to $5 million surplus per day in the banks till Eid,” said …

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