Rupee likely to trade range-bound


Source: thenews.com.pk thenews.com.pk

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A representational image of Pakistan's currency. — AFP/File KARACHI: The rupee is expected to trade range-bound against the dollar in the coming week as investors seek to take long positions ahead of a monetary policy meeting due on Friday, November 25. Ongoing political uncertainty causing problems for the economy is also expected to slightly lessen with expectations that the stakeholders will agree on a name for the new army chief. During the outgoing week, the local currency fell by 1.48 rupees or 0.66 percent against the dollar. It traded at 221.69 per dollar on Monday in the interbank market while...