Tag Archives: Speculation blamed for volatility in forex market

KARACHI: Adviser to the Prime Minister on Finance and Revenue Shaukat Tarin has said that satta or speculation has “definitely” played a role in the recent volatility in the foreign exchange market. “Speculators are taking away Rs8-9,” he said while speaking at the groundbreaking ceremony of Naya Nazimabad Hospital on Sunday. He said rupee was currently undervalued against the dollar, noting that …

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