Tag Archives: Middle East crisis puts rupee under pressure

KARACHI: The escalating war in the Middle East has changed forex market sentiments as investment infl­ows dried up creating dollar shor­t­ages in banks resultantly the greenback started to appreciate amid str­o­ng demand, especially from importers. Bankers dealing in the currency market said the importers were unable to find dollars even at a rate higher than quoted in the banking market. “Banks have …

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