The SBP has released the estimate of the Real Effective Exchange Rate (REER) Index of the rupee in December 2024. It stands at 103.7, as compared to 103.2 in November. The value in December is the highest since April 2024 when it stood at 104.4.
The SBP has cautioned that the REER index should not be misinterpreted as denoting the equilibrium value of the currency. However, the change in the…
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News Source: www.brecorder.com
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