Pakistani Rupee posted a loss of 15 paisas against the US Dollar in theinterbank market today, after losing 18 paisas yesterday.

PKR closed at 160.47 on Tuesday (December 8) as compared to Rs. 160.32 onMonday.

The last two weeks have seen volatility in PKR-USD parity. However, thischange has not come as a surprise to analysts who predicted such trends inPKR’s exchange rate to the Dollar.

A.A.H Soomro, Managing Director at Khadim Ali Shah Bukhari Securities, saidthat remittances are still growing. Lesser travel, job-losses, and formalchannels are keeping the trend up. This month, too, feels like another goodone. Remittances of more than $2 billion may be expected in November, whichwill likely keep PKR well-under control.——————————

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“There were some importers buying dollars to meet their paymentobligations, which puts pressure on the rupee,” a foreign exchange dealertold ProPakistani last week.