While clouds of uncertainty continue to hover over the economy, experts say that the rupee value is not likely to be depreciate against the dollar after the elections.

A new report in Dawn noted that the value of the rupee is expected to remain stable till the closing of the financial year as it has not space left to decline.

The dollar began the year at Rs286 and is hovering around Rs280 as the month of January comes to a close.

Tresmark CEO Faisal Mamsa told the report that the rupee was expected to decline by 7-10% till the end of the year to Rs310. However, since the value has increased by around 2%, it does not seem likely that the rupee will depreciate.

The rate of the dollar is a key driver of inflation in the country and the government seems to have adopted a strict policy regarding the exchange rate to keep the economy stable.

A weaker rupee increases the import bill and also makes imported fuel more expensive, which in turn has far reaching impacts on the economy.

However, despite keeping the exchange rate under control and eliminating the difference between interbank and open market rates, exporters have unable to improve performance.

The State Bank of Pakistan is also expected to keep the policy rate unchanged. However, the government still hopes inflation will come down over the next year.