{
  "id": 6718962,
  "title": "Rupee to hold at Rs278/USD in 2026 as Pakistan’s FX buffers improve: BMI",
  "url": "https://urgent.news/2026/09/11/rupee-to-hold-at-rs278-usd-in-2026-as-pakistans-fx-buffers-improve-bmi",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-09-11T06:17:30.000Z",
  "source": {
    "name": "Business Recorder",
    "slug": "business-recorder",
    "url": "https://www.brecorder.com/news/40439021/rupee-to-hold-at-rs278usd-in-2026-as-pakistans-fx-buffers-improve-bmi"
  },
  "original_language": "en",
  "account": "BMI, a division of Fitch Solutions, has adjusted its forecast for the Pakistani rupee's depreciation, extending the timeline to 2027 and predicting the currency will remain around Rs278 per US dollar through 2026. The change is attributed to strengthened foreign exchange reserves, a more stringent monetary policy, and greater access to international capital markets. The firm anticipates the rupee will weaken to approximately Rs292 by the end of 2027 due to concerns over export competitiveness and the widening trade deficit. BMI stated that policymakers are expected to hold the rupee at around PKR278/USD throughout 2026, rather than devaluing it to PKR288/USD by the end of the year as earlier anticipated. The firm noted that Pakistan's foreign exchange buffers have improved, even with higher energy import costs and substantial external debt repayments, and that policymakers are expected to devalue the rupee to around PKR292/USD by year-end. The rupee's real effective exchange rate reached an eight-year high of 107.9 in July, which is contributing to the erosion of export competitiveness and the attractiveness of imports. Although strong remittance inflows have, thus far, prevented a sharper deterioration in the external position, they are unlikely to offset a widening trade deficit indefinitely. BMI expects policymakers to prioritize supporting exports and growth, with easing inflationary pressures in the second half of 2027 creating room to devalue the currency.",
  "summary": "BMI, a Fitch Solutions Company, has pushed back its forecast for a depreciation of the Pakistani rupee to 2027, revising its end-2026 projection to Rs278 per US dollar from Rs288 previously, citing improved foreign exchange buffers, tight monetary policy and better access to international capital markets. The firm now expects the rupee to remain around Rs278/$ through 2026, before weakening to…",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}