Pakistan Woes Too Deep to Make Rupee Jump More Than Fleeting
- Rupee needs to ‘adjust’ given deficit, FX reserves: Aberdeen
- Eaton Vance isn’t invested in Pakistan given weak fundamentals
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Don’t be fooled -- the Pakistani rupee’s biggest jump in a decade Monday was probably a flash in the pan.
The South Asian nation’s finances remain dire and the rupee is likely to start weakening again soon, according to Edwin Gutierrez, the London-based head of emerging-market sovereign debt at Aberdeen Standard Investments.