The US Dollar Value has been experiencing significant fluctuations, causing uncertainty in the market. In the past business week, the dollar has recorded a decline in its inter-bank exchange rate for the fifth consecutive day. This trend has prompted concerns that it could potentially increase inflation by 10 to 12 percent.
Recent data released by the State Bank of Pakistan shows that the interbank value of the dollar has decreased by 71 paise. This has caused a ripple effect in the market, as investors and traders continue to monitor the situation closely. The fluctuating dollar value has created a volatile environment, with potential consequences for businesses and consumers alike.
If the value of the dollar continues to decline, it could potentially lead to an increase in the cost of imports, thereby causing inflation to rise. This could have a significant impact on the economy, as well as on the purchasing power of individuals and businesses. It remains to be seen how this situation will unfold in the coming weeks, but it is clear that the fluctuations in the dollar value are a cause for concern.
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