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Rupee continues to lose strength | The Express Tribune
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[ad_1] KARACHI: The rupee continued to depreciate slightly ahead of the revival of the International Monetary Fund’s (IMF) loan programme. It dropped by 0.23%, or Rs0.52, to a three- and-half-month new low at Rs229.67 against the US dollar in the interbank market on Friday. In the past five weeks, the rupee has dropped value consecutively…
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Rupee continues to inch down against dollar
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[ad_1] A currency dealer counting $100 notes while a stack of Rs500 is placed on table. — AFP/File The rupee continued a downtrend against the US dollar for a fourth successive session, with negative sentiments on the country’s dwindling foreign exchange reserves taking a toll on the local currency. The local unit closed the day…
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New peak: Gold price continues to climb for 8th consecutive day
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[ad_1] An undated file image of gold bars. — AFP/File Gold prices continued to rise in Pakistan for the eighth consecutive day as investors took refuge in the safe-haven asset to avoid the impact of high inflation. Gold prices surged by Rs500 per tola and Rs429 per 10 grams to settle a historic high of…
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Rupee continues to fall unabated against dollar
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[ad_1] The currency dealer is counting Rs500 notes. —AFP/File The Pakistani rupee continued to register losses against the dollar for the seventh consecutive session in the interbank market as investors await foreign financing and development on the ninth review of the International Monetary Fund (IMF). The local currency closed at Rs224.7 after a meagre decline…
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Rupee continues to falter against US dollar
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[ad_1] A representational image of Pakistani notes of Rs10, 20, 50, 100, 500, 1,000 and coins of Re1, Rs2 and Rs5. — AFP/File KARACHI: The value of the US dollar touched Rs231 in the open market on Monday with the rupee falling Rs1.5 compared to Friday’s exchange rate — continuing a slide that saw it…
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Rupee continues to weaken against greenback amid high dollar demand
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[ad_1] Currency dealers exchanging Rs1,000 notes. — AFP/File KARACHI: In line with the increasing demand for the US dollar from importers due to import payment pressure, the Pakistani rupee continued to depreciate against the US dollar on Wednesday in the interbank market. According to data released by the State Bank of Pakistan (SBP), the local…
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Gold continues to rise as political uncertainty grips country
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[ad_1] A representational image of gold bars. — AFP/File KARACHI: Gold continued to shine in the domestic market for the fourth consecutive day on Tuesday amid political uncertainty and the PTI’s ongoing long march on Islamabad. Data released by the All Pakistan Sarafa Gems and Jewellers Association (APSGJA) showed that the price of the gold…
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Rupee’s downward spiral continues for third straight session
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[ad_1] The picture shows Rs5,000 notes. — Twitter/File KARACHI: The Pakistani rupee continued to decline for the third consecutive session against the US dollar on Friday, as the country continues to face political unrest amid the PTI’s long march. According to State Bank of Pakistan (SBP) data, the local unit lost Rs0.97 or 0.44% against…
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Gold continues to glitter, price soars above Rs150,000-threshold
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[ad_1] A representational image of gold bangles. — AFP/File KARACHI: Gold surpassed the crucial Rs150,000 threshold in Pakistan on Wednesday with a rise of 1.2% as political uncertainty diverted investors’ attention towards safe-haven assets. Data released by the All Pakistan Sarafa Gems and Jewellers Association (APSGJA) showed that the price of the precious metal rose…
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Rupee continues to gain little ground | The Express Tribune
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[ad_1] KARACHI: tained its uptrend for the second consecutive working day on Monday as it gained 0.20% (Rs0.43) to close at Rs220.41 to a dollar in the inter-bank market. The rupee has regained a total value of Rs0.50 in the past two working days. The currency got extended support in the backdrop of much-anticipated Financial…
