The Pakistani rupee is anticipated to depreciate against the US dollar starting in July due to increased import activities, according to experts cited by Presstonight . While the local currency showed minor fluctuations and closed at 278.21 against the dollar on Friday, it is expected to face downward pressure in the coming months. Financial terminal Tresmark, referencing insights from the Financial Markets Association (FMA) panel discussion, indicated a consensus that economic growth would lead to higher import demand, putting strain on the rupee. Experts predict a monthly depreciation of Rs2-3 per dollar from July, noting that the currency appears slightly overvalued and would be significantly lower without current import and capital restrictions.
