KARACHI, May 22(ABC): Amid rising political temperatures in the country and lack of an economic roadmap by the government, the rupee is expected to remain under pressure next week, forecast traders.
The local unit closed at a historic low of 200.14 to the dollar on Friday. The local unit lost 5.96 rupees or 3% against the dollar during the outgoing week.
Most traders see sustained pressure on the rupee next week on the government’s reluctance to eliminate energy subsidies.