The US dollar has dropped below Rs154 in the open market as the greenback shed Rs1.10 in two days. It stood at Rs155 on Wednesday. BMA Capital’s Head of Research Faizan Ahmed says that current account balance figures are favorable and so are foreign exchange reserves, which is the reason behind stability in the dollar rate. “I don’t see any reason for dollar rate to increase significantly,” he told SAMAA Digital. “On a short-term basis, I see dollar in the range of Rs150 and Rs155.” Malik Bostan, the Forex Association of Pakistan chairperson, said that importers have been opening LCs (Letters of Credit) in haste, fearing a lockdown in the country. It has been the reason behind i
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