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 has depreciated by 3.1 percent from 104.90 to 108.25 per US dollar. –SAMAA/APP