Dollar takes Rs15 dip in open market on SBP move

KARACHI: The US dollar lost up to Rs15 in the open market on Thursday in response to the State Bank of Pakistan’s (SBP) decision to allow banks to purchase greenbacks from the interbank market for the settlement of card-based cross-border transactions. The open market started with low dollar prices and traded as low as Rs298 compared to Rs311-318 a day earlier. The practice to buy … Continue reading Dollar takes Rs15 dip in open market on SBP move