Monday, March 9, 2009

USD/PKR ends up

USD/PKR ends up at 80.72 vs 80.69 on higher oil payments. "The market received fresh orders from banks, which propelled the dollar to 80.80, but selling from exporters helped some recovery," says a dealer. "Pair to remain in a tight band unless some funds arrive from donor agencies," says an analyst, Adds currency to remain under pressure throughout the week as some $200 million worth of oil and interest payments are due.

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