Pakistani rupee continued its upward trajectory against US dollar in the inter-bank as the gap with the open market continued to stay narrow.
The local currency witnessed more gains against the USD, moving up on Thursday. With more gains, PKR was quoted at 278.90, with a hike of Rs0.77.
Previously, the local rupee saw back-to-back gains as well as it settled at 279.67 against the greenback, as per central bank’s data.
To regulate inter-bank trading and another step toward inclusive digital financial ecosystem, the State Bank of Pakistan rolled out Centralized Foreign Exchange (FX) Trading Platform dubbed ‘FX Matching’ for interbank FX market.
SBP launched FX Trading to provide interbank market participants with a centralized trading platform that offers FX trading on anonymous basis and real time price visibility.
The adoption of FX Matching platform is a key step for enhancing the depth and transparency of the interbank FX market. In order to formally launch the interbank FX trading on the FX Matching platform, following instructions are being issued for the Authorized Dealers.
