Rupee is Likely to Depreciate in Next 6 Months Are Wrong

Rupee to Reach Rs.148 against Dollar by End of FY 2018-19: Report
In the past few days, several media outlets reported that the rupee is likely to depreciate further in the next 6 months, citing a review from the State Bank of #Pakistan. These reports have cited the State Bank of Pakistan’s (#SBP) annual Financial Stability Review (FSR) 2018.

“Over the next six months, foreign exchange rate risk, the balance of payment pressures, widening the fiscal deficit and increase in domestic inflation was reported as key risks,” said the media reports citing SBP’s review.

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