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Market based dollar movement to correct exchange rate: SBP

Market based dollar movement to correct exchange rate: SBP

KARACHI: The Chief Spokesman of the State Bank of Pakistan (SBP) on Thursday said the exchange rate in the Inter-bank market closed at Rs146.52 for one US dollar against Wednesday’s close of Rs141.40.

In his brief statement, he said this movement reflected demand and supply conditions in the foreign exchange market. And, it would help in correcting market imbalances.