![sbp maintains that slide in rupee is due to demand supply in fluctuating forex inter bank market photo reuters sbp maintains that slide in rupee is due to demand supply in fluctuating forex inter bank market photo reuters](https://i.tribune.com.pk/media/images/1634216-money-1518586989/1634216-money-1518586989.jpg)
The State Bank of Pakistan has maintained that the slide in the rupee’s value is due to supply and demand dynamics of foreign exchange in the inter-bank market. While it has promised prompt intervention in case of speculative or momentary pressures, the central bank will sit on the fence and let “market-driven adjustment in the exchange rate to continue to contain the imbalance in the external account and sustain a higher growth trajectory”, according to a press statement.
Published in The Express Tribune, February 14th, 2018.
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