Dollar Rate increases in open market

KARACHI, Oct 13, 2017): The ongoing political situation in the country has increased the open-market dollar rate to Rs107.50.

On the other hand, the State Bank of Pakistan (SBP) has said they will not devalue the Rupee.

A delegation of the Forex Association called on SBP Foreign Exchange Executive Director Irfan Ali on Friday and expressed concern at the rise of the dollar rate in the open market. The demand for the US Dollar has increased due to the uncertain political situation in the country and rumours of rupee devaluation by the government.

INP/LK/AH