The bleak economic indicators are not letting the feeble rupee to take abreak from its constant slumping against the US dollar as the local unitagain registered a decline of 25 paisas in its value during the interbanktrading on Tuesday.
The currency dealers informed that the US dollar kept up its upwardtrajectory during today’s trading activity and was settled at Rs230.40, upby 25 notches, towards the close.
Yesterday, the USD gained 48 paisas in its value and ended the day atRs230.15.
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The Monetary Policy Committee (MPC) of the State Bank of Pakistan (SBP) inits meeting on Monday announced to raise the policy rate by 100 basispoints (bps) to 17% to arrest the inflationary pressure.
