The dollar exchange reaches to height of Rs109.80 in the beginning of the week session in the interbank market, anxiety was created among importers.

However, the dollar rate closed at Rs108.40-50, still higher than the standard of Rs107 provided by the (SBP) on Friday.

According to SBP on Dec 8, the central bank had justified the sudden devaluation in the exchange rate, explaining it as a “market-driven adjustment”. The situation created is not in favor of importers as well as money traders, Slow movement of transactions are forecasted in money trading for coming days but exporters found the circumstances advantageous.

 

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