Rupee expected to depreciate by end of 2024 despite IMF bailout hopes

Rupee expected to depreciate by end of 2024 despite IMF bailout hopes

Foreign currency dealer counts US dollars at a shop in Karachi on March 2, 2023. — OnlineRupee expected to trade at Rs325 against dollar by June 2025.Might likely depreciate to Rs295 by end of December 2024.Policy rate to remain between 17% to 19% by this year’s end.

KARACHI:…

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