INP-WealthPk
SBP officials show concerns over rising value of dollar in open market
April 23, 2018
KARACHI, April 23 (INP): Officials of State Bank of Pakistan on Monday expressed concerns over the rising value of dollar in the open market but ruled out the possibility of a fall in the rupee's value. In a meeting, held earlier today, with owners of foreign exchange companies, SBP officials said the difference between open market and interbank rates for dollar should not widen. However, the officials said the central bank will intervene when there is a shortage of dollars in the market. The difference between interbank and open market rate for the foreign currency is presently over rupees three per dollar. Inp/khan
