Dollar inflows thru banking channels jump

Dawn | Sep 27, 2020 at 9:07 AM
  • Inflows of foreign exchange through banking channels remained high in September which may increase the remittances up to $2 billion.
  • Currency dealers and bankers maintained that due to rising inflows and continued current account surplus in FY21, the rupee-dollar parity remained almost stable.
  • Dollar deposits by the exchange companies and extremely low buying of greenback from open markets has increased the foreign exchange reserves of commercial banks.