The central bank has decided to increase the maximum cap on aggregate Foreign Exchange Exposure Limit (FEEL) of the authorized dealers to Rs 3.5 billion. The increase would be effective from April 15, said the State Bank. Based on the review of the annual audited accounts, the FEEL of each authorized dealer would be advised separately, the regulator said. All other instructions on the subject, however, shall remain unchanged, it said.
SBP caps forex exposure at Rs 3.5 billion
