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Saudi riyal

Dollar traded at elevated price in open market

KARACHI: The US dollar is being sold at Rs4 to Rs5 higher in the open market compared to the exchange rates set by the money exchange associations, as the elections are round the corner, it is effecting foreign currency trading. The buying rate on Monday was Rs130.30. But this didn’t portray the actual situation of the market as various currency exchange companies refused to sell dollar and when they did it hovered around Rs132-135 a dollar. According to sources, the purchasing rate for US dollar on Monday was Rs130.30,…