KARACHI: The State Bank of Pakistan on Friday reported the closing price of the US dollar at Rs277.62 in the interbank market, a depreciation of 96 paise against the rupee. Meanwhile, the open market reported the dollar price at Rs277 compared to Rs278 a day earlier, a decline of Re1. This daily decline has become a routine matter for both the banking and open markets. … Continue reading What is driving steady decline in dollar rate?