{"id":82317,"date":"2019-11-19T05:59:43","date_gmt":"2019-11-19T10:59:43","guid":{"rendered":"https:\/\/currencylive.com\/?p=82317"},"modified":"2019-11-19T05:59:43","modified_gmt":"2019-11-19T10:59:43","slug":"101533-usd-pkr-pakistani-rupee-hovering-above-155-unofficial-soft-peg","status":"publish","type":"post","link":"https:\/\/currencylive.com\/news\/101533-usd-pkr-pakistani-rupee-hovering-above-155-unofficial-soft-peg\/","title":{"rendered":"USD\/PKR: Pakistani Rupee Hovering Above 155 Unofficial Soft Peg"},"content":{"rendered":"<table>\n<tbody>\n<tr>\n<td><a href=\"https:\/\/wise.com\/?utm_source=currencylive-com&utm_medium=affiliate&utm_content=news%2Fwp_json%2Fwp%2Fv2%2Fposts%2F82317&utm_campaign=news\" target=\"_blank\" rel=\"noopener noreferrer\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-65277\" style=\"padding-top: 5px;\" src=\"https:\/\/currencylive.com\/wp-content\/uploads\/2019\/11\/transferwise-inline-banner-money-transfer.jpg\" alt=\"\" width=\"670\" height=\"125\" \/><\/a><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>Pakistani Rupee continues to hover above the 155 unofficial soft-peg with the US dollar. On the interbank market, Pakistani Rupee was seen quote lower by -0.70%, compared to yesterday\u2019s close, settling at 155.30 against the US dollar.<\/p>\n<p>During early Asia trading hours, Pakistani Rupee was able to recover most of Monday\u2019s losses.<\/p>\n<p>The State Bank of Pakistan (SBP) reported that the Pakistani Rupee was traded at Rs 155.30 against Rs 156.40 in the currency market. On the other hand, the dollar index, which gauges the greenback&#8217;s strength against a basket of major currencies, was seen trading lower at 97.80 during London trading hours.<\/p>\n<p>During the 2018 \u2014 2019 periods, Pakistani Rupee has depreciated over 50% against the greenback. The USD\/PKR exchange rate has gone from an exchange rate of Rs 106 up to around Rs 155. The Rupee devaluation process was intended to boost exports and fix a sluggish economy.<\/p>\n<p>The country\u2019s central bank efforts to devalue the Rupee didn\u2019t have the intended effect to shrink the trade deficit. While the Pakistani Rupee was significantly devalued, Pakistan\u2019s massive trade deficit didn\u2019t shrink. Contrary to what the theory tells us which states that a lower domestic currency can help boost exports, Pakistan\u2019s economy shows signs of entering into a soft recession.<\/p>\n<p>Anti-government protest that seeks the resignation of Prime Minister Imran Khan has also added negative pressure on the currency exchange rate. The demonstrations continued in the capital city Islamabad and other parts of the country for a third consecutive week.<\/p>\n<p>The benchmark equity index Karachi Stock Exchange KSE-100 Index closed up 0.70% at 38681 during the first trading day of the week. Year-to-day the Pakistan stock exchange market is up 4.36%. The Pakistan 10-year government bond yield gaped higher and closed at 11.586 or 2.35%.<\/p>\n<table>\n<tbody>\n<tr>\n<td><a href=\"https:\/\/wise.com\/?utm_source=currencylive-com&utm_medium=affiliate&utm_content=news%2Fwp_json%2Fwp%2Fv2%2Fposts%2F82317&utm_campaign=news\" target=\"_blank\" rel=\"noopener noreferrer\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-65277\" style=\"padding-top: 5px;\" src=\"https:\/\/currencylive.com\/wp-content\/uploads\/2019\/11\/transferwise-inline-banner-money-transfer.jpg\" alt=\"\" width=\"670\" height=\"125\" \/><\/a><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<hr \/>\n<h6><em>Currencylive.com<\/em><em> is a news site only and not a currency trading platform.<\/em><\/h6>\n<h6><em>Currencylive.com is a site operated by TransferWise Inc. (&#8220;We&#8221;, &#8220;Us&#8221;), a Delaware Corporation. We do not guarantee that the website will operate in an uninterrupted or error-free manner or is free of viruses or other harmful components. The content on our site is provided for general information only and is not intended as an exhaustive treatment of its subject. We expressly disclaim any contractual or fiduciary relationship with you on the basis of the content of our site, any you may not rely thereon for any purpose. You should consult with qualified professionals or specialists before taking, or refraining from, any action on the basis of the content on our site. Although we make reasonable efforts to update the information on our site, we make no representations, warranties or guarantees, whether express or implied, that the content on our site is accurate, complete or up to date, and DISCLAIM ANY IMPLIED WARRANTIES OF MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE. Some of the content posted on this site has been commissioned by Us, but is the work of independent contractors. These contractors are not employees, workers, agents or partners of TransferWise and they do not hold themselves out as one. The information and content posted by these independent contractors have not been verified or approved by Us. The views expressed by these independent contractors on currencylive.com do not represent our views.<\/em><\/h6>\n","protected":false},"excerpt":{"rendered":"<p>Pakistani Rupee continues to hover above the 155 unofficial soft-peg with the US dollar. On the interbank market, Pakistani Rupee was seen quote lower by -0.70%, compared to yesterday\u2019s close, settling at 155.30 against the US dollar. During early Asia trading hours, Pakistani Rupee was able to recover most of Monday\u2019s losses. The State Bank [&hellip;]<\/p>\n","protected":false},"author":163946598,"featured_media":82321,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1863,1381],"tags":[1854,1867,1864,1397,1398],"class_list":{"0":"post-82317","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-pkr","8":"category-usd","9":"tag-exchange-rate","10":"tag-pakistani-rupee","11":"tag-pkr","12":"tag-us-dollar","13":"tag-usd"},"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.6 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>USD\/PKR: Pakistani Rupee Hovering Above 155 Unofficial Soft Peg - Currency Live<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/currencylive.com\/news\/101533-usd-pkr-pakistani-rupee-hovering-above-155-unofficial-soft-peg\/\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Ileana Ionescu\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/101533-usd-pkr-pakistani-rupee-hovering-above-155-unofficial-soft-peg\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/101533-usd-pkr-pakistani-rupee-hovering-above-155-unofficial-soft-peg\\\/\"},\"author\":{\"name\":\"Ileana Ionescu\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#\\\/schema\\\/person\\\/3d5cb0a6a22d357fc0b9ad562f35e75b\"},\"headline\":\"USD\\\/PKR: Pakistani Rupee Hovering Above 155 Unofficial Soft Peg\",\"datePublished\":\"2019-11-19T10:59:43+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/101533-usd-pkr-pakistani-rupee-hovering-above-155-unofficial-soft-peg\\\/\"},\"wordCount\":542,\"image\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/101533-usd-pkr-pakistani-rupee-hovering-above-155-unofficial-soft-peg\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/currencylive.com\\\/news\\\/wp-content\\\/uploads\\\/2019\\\/11\\\/usd-pkr-exchange-rate.jpg\",\"keywords\":[\"exchange rate\",\"Pakistani Rupee\",\"pkr\",\"us dollar\",\"usd\"],\"articleSection\":[\"PKR\",\"USD\"],\"inLanguage\":\"en-US\",\"copyrightYear\":\"2019\",\"copyrightHolder\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/101533-usd-pkr-pakistani-rupee-hovering-above-155-unofficial-soft-peg\\\/\",\"url\":\"https:\\\/\\\/currencylive.com\\\/news\\\/101533-usd-pkr-pakistani-rupee-hovering-above-155-unofficial-soft-peg\\\/\",\"name\":\"USD\\\/PKR: Pakistani Rupee Hovering Above 155 Unofficial Soft Peg - 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