PKR Witnesses Extreme Volatility Towards End of Session

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PKR witnessed extreme volatility towards the close of session on Tuesday, losing 100 paisas or just under 1.0% of its value to close at 105.50/106. Banks reported trades between 105.25/40. According to Market sources, Central Bank did not intervene and allowed the currency to devalue, possibly as a condition for continued IMF support.

 

 

Posted on: 2015-10-27T14:40:00+05:00

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