The Pakistani rupee (PKR) closed in green against the US Dollar (USD) 54th day in a row on Monday.
Meanwhile, it posted losses against most of the other major currencies during today’s session.
The PKR barely moved and closed at 280.41 against the US Dollar today.
The rupee has managed to silently pull up against other major currencies.
Analysts see current winning streak as a gradually building bubble before it hits a thorny ceiling and comes crashing down.
Editorial & Legal Practice Group
Authored and reviewed by the corporate law and tax litigation practice group at Javid Law Associates. Our team comprises High Court advocates, corporate legal advisors, and authorized tax practitioners across Pakistan.
Advocates High Court & Tax Counsel
Jurisdiction: Pakistan