In both foreign exchange markets, the value of the rupee is stable against the dollar

Karachi: Due to factors such as receipt of $1.1 billion tranche from the IMF and possible inclusion in a new loan program in the next few months, there are signs of stabilization of the rupee against the dollar in both the foreign exchange markets.

In the interbank market on Thursday, the value of the dollar continued to decline during most of the trading period, due to which the value of the dollar fell by 18 paisa to the level of 278 rupees 13 paisa at the end of the business. 278 closed at Rs 30 paise level.

On the contrary, in the open currency market, the value of the dollar closed at the level of 279 rupees 65 paise with an increase of 02 paise.

Experts say that after receiving $1.1 billion from the IMF, the value of the government’s foreign exchange reserves has exceeded $9 billion, which is a positive sign.

Experts also say that due to factors such as the opposition of a political party to the privatization plan and the proposal to run the loss-making institutions under public-private partnership, the possibility of inflows from privatization has been affected. are

However, due to the continued crackdown on the reference handi by the relevant institutions, the markets do not see unnecessary demand for foreign exchange, which is the reason for the stability of the rupee against the dollar.