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Enter your email Email Please enter a valid email address. The spot USD SAR exchange rate has remained unchanged at 3.

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SBI Express Rupee from associated Exchange Houses or Banks in Bahrain, Kuwait, Oman, Qatar, Saudi Arabia and UAE, Within 1 to 2 days. It s not hard to see a situation where Saudi Arabia may very well be forced to de peg the currency to curb the fall in the country s FX reserves should low oil prices persist.

FX futures are priced relative to spot rates and how they may be. The forex market would be flooded with excess that could have caused the SR to appreciate.

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By making the FX environment more open, some of the pressure on the exchange rate could be alleviated. The other sensitive indicator is the amount of forex being sold by local banks.

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