#range-bound

Weekly currency update: Pakistan rupee to remain range-bound, say analysts

A trader can be seen counting the US currency. Photo: AFP High US dollar demand for import payments, inflation and widening current account deficit puts pressure on rupee. Rally in global commodity prices could exert pressure on the rupee.“The range for the rupee should be 170-71 in the coming week,” says an analyst.  Analysts have said the Pakistani rupee is expected to stay range-bound next…