Real Effective Exchange Rate Index Declines by 1.40 percent in March
MG News | May 07, 2018 at 12:50 PM GMT+05:00
According to data published by the State Bank of Pakistan, the Real Effective Exchange Rate Index in March 2018 stood at 111.72 compared to 113.31 in Feb 2018.
The SBP allowed the currency to depreciate twice within the space of 6 months due to growing trade and current account deficit and concern by international lenders of PKR being overvalued.
Since December 2017, PKR has depreciated by 9.54 percent.
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