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Market based dollar movement to correct exchange rate: SBP

KARACHI: The Chief Spokesman of the State Bank of Pakistan (SBP) on Thursday said the exchange rate in the Inter-ban
Published May 16, 2019

KARACHI: The Chief Spokesman of the State Bank of Pakistan (SBP) on Thursday said the exchange rate in the Inter-bank market closed at Rs146.52 for one US dollar against Wednesday's close of Rs141.40.

In his brief statement, he said this movement reflected demand and supply conditions in the foreign exchange market. And, it would help in correcting market imbalances.

Copyright APP (Associated Press of Pakistan), 2019

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