ISLAMABAD: Foreign Exchange inflows through Roshan Digital Account (RDA) reached $2.67 billion by the end of October 2021 since its launch.
The inflows were recorded from 273,411 accounts from around 175 counties across different Pakistani banks whereby nearly 91855 fresh accounts were opened in last four months alone.
Of $2.67bn, investments in government securities like Naya Pakistan Certificates (NPCs) were recorded at $1.834bn during fourteen months.
On Friday, the rupee snapped its 10-day winning streak after it depreciated by 4 paisas to Rs170.1 against the US dollar.
The rupee started recovering from its steep fall against the US dollar on Oct 27, after the government announced Saudi Arabia’s financial support of up to $4.2 billion, raising the central bank’s foreign exchange reserves and boosting the sentiments of the currency market.
The Kingdom deposited $3 billion with the central bank and extended $1.2 billion of trade finance to support the country’s balance of payments.
