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Finance Division has officially asked Governor State Bank to initiate an inquiry into the sharp deterioration of rupee-dollar exchange rate in the inter-bank market.

The Division has also directed to complete report in this regard within a period of ten days.

The rupee-dollar exchange rate in the inter-bank market deteriorated by 3.1 percent from 104.90 to 108.25 per US dollar on Wednesday last.

On the same day the Finance Minister took immediate notice and called for a detailed report from the State Bank of Pakistan on this artificial and unnatural deterioration in the exchange rate.


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