Dollar holds complete sway over exchange rate

KARACHI: The US dollar seems to hold complete sway over the exchange rate these days as banks, as well as forex companies, watch helplessly. Currency experts said the dollar rates quoted by the banks and exchange companies are not real. The banks are reluctant to depict the real situation fearing the State Bank reaction, while the exchange companies don’t want to tell the truth fearing … Continue reading Dollar holds complete sway over exchange rate