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Rupee continues nosediving, reaches near all-time low against dollar
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[ad_1] A currency dealer is counting notes of $100 while Rs5,000 notes are placed on the table. — AFP/File KARACHI: Post-flood economic situation and shortage of the dollar in the country kept the Pakistani rupee under pressure for the 15th consecutive session as the local unit on Thursday registered further losses in the interbank market.…
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Rupee closes at record low of 239.65 against US dollar
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[ad_1] A currency dealer is seen counting $100 notes; while Rs500 notes are kept on the table. — AFP/File KARACHI: The Pakistani rupee continued to lose grounds unabated for the 14th consecutive session on Wednesday and closed at a record low of Rs239.65 against the US dollar in the interbank market during intraday trade amid…
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Rupee gains Rs1.7 against dollar amid hopes of IMF programme revival
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[ad_1] The Pakistani rupee gained Rs1.75 to close at Rs205.12 against the greenback in the interbank market.— AFP/File KARACHI: As Pakistan received the Memorandum of Economic and Fiscal Policies (MEFP) from the International Monetary Fund (IMF) for the combined seventh and eighth reviews, the local unit gained Rs1.75 against the US dollar in the interbank…
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Rupee strengthens vs dollar | The Express Tribune
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[ad_1] KARACHI: The rupee strengthened against the US dollar at 206.87 in the inter-bank market on Tuesday compared to 207.94 on Monday, according to the State Bank of Pakistan. The rupee has depreciated sharply in the past few months in the wake of delay in revival of the stalled International Monetary Fund’s (IMF) loan programme,…
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Rupee sees recovery against US dollar in interbank market
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[ad_1] A currency dealer is seen counting $100 notes; while Rs500 notes are kept on the table. — AFP/File KARACHI: The Pakistani rupee recovered against the US dollar on Thursday following the finance minister’s confirmation that Pakistan has signed $2.3 billion loan agreement with China and hopes of a deal with the International Monetary Fund…
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Rupee breaks losing streak against dollar on IMF breakthrough
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[ad_1] The local unit finally breaks its losing streak against the dollar and gains nearly Re1 in the early morning interbank market on Wednesday. KARACHI: Following a “broad agreement” with the International Monetary Fund (IMF) programme, the Pakistani rupee broke its losing streak against the dollar and gained nearly Re1 in early morning interbank trade.…
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Rupee gains ground against dollar after IMF news | The Express Tribune
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[ad_1] KARACHI: After reports of an imminent deal between the Pakistani government and the International Monetary Fund (IMF), the Pakistani rupee started showing signs of recovery on Wednesday as it gained over 0.40 paisas against the US dollar to reach Rs211. The rupee managed to gain some support from the central bank’s measures to increase…
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SBP quashes talk of dollar shortage | The Express Tribune
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[ad_1] KARACHI: The State Bank of Pakistan (SBP) has announced that there is no shortage of US dollars for import payments as the country’s foreign currency reserves of $8.99 billion “are fully usable for all purposes … (and) commercial banks have sufficient dollar liquidity to execute these payments”. “Import payments of around $4.7 billion have…
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Pakistani rupee storms past 211 barrier against US dollar in interbank trade
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[ad_1] A trader can be seen counting the US currency. Photo: AFP KARACHI: The US dollar on Tuesday continued its flight against the rupee amid a delay in the revival of International Monetary Fund’s (IMF) loan programme and soared to the all-time high of Rs211 as of 11:15am in the interbank trade. The Pakistani rupee…
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Rupee plunges to 209.96 vs dollar | The Express Tribune
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[ad_1] KARACHI: Pakistani currency remained highly volatile, as it plunged to a record low at Rs209.96 against the US dollar in the inter-bank market on Monday on conflicting reports that commercial banks were running short of foreign currency to pay for imports. The rupee dropped 0.58% (or Rs1.21) to Rs209.96 compared to Friday’s close at…
