Pakistan buying dollars to bolster reserves

PAKISTAN - Taking advantage of the sharp drop in the U.S. dollar against the rupee, Pakistan's central bank has been buying the U.S. unit from the interbank market to bolster its foreign exchange reserves, a source said on Wednesday.

Selling by exporters - about $100 million in this last week alone - has led to the U.S. dollar dropping sharply against the Pakistani rupee. Fears of a crackdown on money laundering and of investigation into accounts abroad has also prompted many, including legiti

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