Monetary policy: SBP maintains status quo, holds interest rate at 15%
SBP says it was prudent to pause interest rate at this stage, however, hints tightening of policy rate in October 10 meeting
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SBP says it was prudent to pause interest rate at this stage, however, hints tightening of policy rate in October 10 meeting
Meeting will discuss reasons behind recent appreciation of dollar against rupee and consider ways to curb the trend
The Pakistani rupee on Tuesday surpassed all prior records against the US dollar after hitting a fresh record low of PKR 221 against the US dollar in the interb
Analyst says banks buying dollars as financial markets "panic" following fears of govt change.
Local currency falls in interbank market by Rs5.80 after yesterday's close of Rs215.20; trades at Rs222 in open market