According to the Federal Bureau of Statistics, the inflation rate was at its highest level of 31.5 percent in February 2023, after which it further increased to the highest level of 35.4 percent in the following month (in March). It should be noted that the inflation rate was 12.7 percent in the month of March last year.
Rupee is weaker against other currencies this week
This week, the rupee weakened further against other currencies. According to the weekly currency report, the dollar continued to advance due to volatility due to external payments pressures and the pound and euro were higher due to the uncertain direction of the economy, and political turmoil.
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