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Tag Archives: Bank

The impact of free fall of rupee

The impact of free fall of rupee

The Pakistani rupee continues to weaken against the US dollar after the central bank withdrew its support earlier this month. The local currency has plunged to record low against the dollar as it is presently being traded at Rs107-110 for …

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Interest Rates

Interest Rates

An interest rate is the cost of borrowing money, or conversely, the income earned from lending money. Interest rates are expressed as percentage of the principal per period. “Reduced interest rates encourage people to spend money on home improvements”   …

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