Rupee Weakens; PKR Stays Flat Against USD
Indian Rupee weakens slightly on inflation concerns; PKR trades flat amid no new data. Insights on South Asia's current FX trends and economic outlook.
Published on 17 July 2024
1 minute read
Here’s this week’s overview of the Indian Rupee and Pakistani Rupee:
Indian Rupee
The Indian Rupee closed 0.1% weaker at 83.49 against USD last week.
Higher than expected inflation along with an increase in foreign exchange reserves could mean the Rupee is well set for the coming weeks.
A slight decrease in loan and deposit growth will create concern that economic activity may soon slow, but positive industrial and manufacturing production figures show the economy remains robust for now.
Pakistani Rupee
PKR ended the week trading flat against USD at 278. There were no data releases out of Pakistan in the past week.
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