Dollar Shortage, Limited Forex Access for Importers, and Concerns Over Rupee’s Stability
Report by Riaz Hussain : A few banks, informally referred to as “export banks,” dominate the inflow of export proceeds and are among the few institutions capable of arranging U.S. dollars. However, a persistent dollar shortage continues to widen the gap between the official exchange rate and the market-driven value. According to the Exchange Association,…