Posted 1/6/2024, 7:00:00 PM
Rupee Seen Strengthening on Exporter Dollar Sales, IMF Loan hopes
- Rupee expected to strengthen below 280 per dollar in coming weeks due to exporters' dollar sales and hopes of IMF loan tranche
- Pakistan's foreign reserves jumped to $8.221 billion recently from mystery inflows
- Anticipation growing for next $700 million IMF tranche after Jan 11 board meeting
- Trade deficit has narrowed to $1.7 billion, raising expectations of another current account surplus
- Exporter concerns will cap rupee rally, with rupee expected to test 277 level before end of month
