SBP report shows the country has a current account deficit of $4.840 billion during July-October period of 2018-19.
FDI inflows during July-October 2018-19 were limited to just $600.7 million against $1,119.9m last year.
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Decline is primarily attributed to an exchange loss of Rs72.3bn in financial year 2018.
Bank claims amount has been restored to affected accounts.
“The dollar was traded as low as Rs131.80 in the interbank while it closed at Rs132,” says a currency dealer.
Impact of government policies to reduce deficit is yet to appear in balance sheet.
Growth in FY18 reversed as expenditure shifted from investment to consumption.
Both private and public sectors have aggressively been borrowing from commercial banks from outset of this fiscal year.
Scenario is a repeat of events of July when SBP allowed rupee to fall by 5pc to settle at Rs128.50
Open market sees volatility as currency dealers sell dollars as high as Rs137.
Dollar rises to Rs137 in open market, Rs133 in interbank.
Currency dealers believe market movements due to PM's remarks about approaching IMF for bailout.
Experts, bankers suggest there was no need for govt to further devalue rupee.
SBP says that it is encouraging that the flow of advances to private sector has continued to surge.
SBP points at rising oil prices, rising inflation, global developments as reasons behind oil price shock.
SBP says increasing inflation and volatile commodity markets are a threat to financial stability in the next six months.