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SBP vows stability in financial markets at all costs

KARACHI: The State Bank of Pakistan said it will continue to closely monitor developments in the foreign exchange markets and ensure stability in the financial markets. In a statement, the Bank said the current exchange rate is broadly aligned with the economic fundamentals. It said the Pakistani rupee-US dollar exchange rate in the inter-bank market...

SAMAA | - Posted: Jul 6, 2017 | Last Updated: 4 years ago
SAMAA |
Posted: Jul 6, 2017 | Last Updated: 4 years ago
SBP vows stability in financial markets at all costs

State Bank of Pakistan sbp

KARACHI: The State Bank of Pakistan said it will continue to closely monitor developments in the foreign exchange markets and ensure stability in the financial markets.

In a statement, the Bank said the current exchange rate is broadly aligned with the economic fundamentals.

It said the Pakistani rupee-US dollar exchange rate in the inter-bank market has depreciated by 3.1 percent from 104.90 to 108.25 per US dollar. –SAMAA/APP

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