Rupee Steady as IMF Talks Continue, Interest Rate Cuts on Horizon

Rupee gained 0.11% against US dollar this week, expected to remain range-bound based on IMF talks and interest rate decisions
IMF talks underway, positive conclusion key for rupee stability and securing $1.1 billion tranche
SBP likely to keep interest rates unchanged at 22% at next week's meeting, but cuts expected starting in Q2
Reserves rose slightly to $7.913 billion on March 8, but bond repayment of $1 billion due next month
Inflation dropping, with March forecast around 20% overall and 16% core, supports case for interest rate cuts