PKR Witnesses Extreme Volatility Towards End of Session
MG News | October 27, 2015 at 02:40 PM GMT+05:00
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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.
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|---|
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