Rupee Falls for Second Week as Pakistan Awaits IMF Tranche Approval
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Rupee fell 1.78, or 0.6% this week, marking second weekly decline.
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IMF to review Pakistan’s economic progress after arrival on Nov 2.
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Rupee weakened against dollar as country awaited IMF tranche approval.
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Rupee depreciation also driven by higher imports, lower exports.
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Analysts say rupee likely to recover if IMF approves tranche, but long-term strength uncertain.