dollar
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Rupee surpasses 200 against dollar during intra-day trade | The Express Tribune
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[ad_1] KARACHI: The Pakistani rupee surpassed the much-feared Rs200 against the US dollar in intra-day trade in the inter-bank market on Thursday. The rupee lost Rs2.41 to Rs200.80 at around 1:45 pm compared to Wednesday’s close at Rs198.39. According to reports, Prime Minister Shehbaz Sharif expressed surprise over the free-fall in the rupee and convened…
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Ban imposed on import of luxury items to control dollar flight
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[ad_1] A representative image. — Geo Urdu ISLAMABAD: Amid a continuous decline of the rupee against the US dollar, Prime Minister Shahbaz Sharif Wednesday imposed a ban on the import of luxury items including cars and cosmetics, Geo News reported Wednesday, citing sources. According to the report, the ban has been imposed on non-essential items…
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Rupee climbs over 200-mark against US dollar in open market
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[ad_1] A representational image of a currency dealer counting currency notes. — AFP/File KARACHI: The Pakistani rupee surpassed the important threshold of 200 during intraday trading in the open market against the US dollar with a loss of nearly Rs2 on Wednesday, Geo News reported. Meanwhile, in the interbank market, the local currency continues to…
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Rupee dives to 197 vs dollar, recovers partially | The Express Tribune
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[ad_1] KARACHI: Pakistani currency endured a steep decline of 1.5% and plunged to the historic low of approximately Rs197 against the US dollar in intra-day trade in the inter-bank market on Tuesday, but recovered partially towards the close of market following “the central bank’s intervention”. The rupee closed at a new all-time low at Rs195.74…
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Rupee hits another historic low of Rs195.5 against dollar
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[ad_1] Photo: AFP/File KARACHI: Pakistani rupee on Tuesday maintained its downward streak against the US dollar, breaching yet another important threshold of 195 the interbank market to hit its weakest level. In line with the prevailing trend over the last eight working days, the local currency was being traded at Rs195.5 against the greenback during…
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Dollar surges past Rs194-mark in interbank during intraday trade
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[ad_1] A represnetative image. KARACHI: The dollar reached a new high in the interbank market Monday against the Pakistani rupee, surging past the Rs194-mark amid concerns over the government’s strategy to deal with the economic crisis. According to market reports, the local unit has lost Rs11.07 since the installation of the new government led by…
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Rupee sinks to Rs194 against US dollar | The Express Tribune
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[ad_1] KARACHI: The depreciation of the Pakistan Rupee against the US dollar continued on Monday as the rupee sunk to a historic low of Rs194 against the greenback in the inter-bank market. The rupee had closed at Rs192.53 on Friday, according to the central bank. However, today it shed Rs1.70 against the dollar to touch…
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‘Dollar to fall after coming out of clutches of PTI-IMF deal’ | The Express Tribune
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[ad_1] ISLAMABAD: Finance Minister Miftah Ismail has held previous PTI-led government responsible for the current economic crisis in the country, saying that former prime minister Imran Khan-led regime’s “flawed agreement” with the International Monetary Fund (IMF) led to a rise in inflation and depreciation of rupee against US dollar. “If we get out of the…
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Rupee crosses 190 vs US dollar | The Express Tribune
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[ad_1] KARACHI: Pakistani currency maintained its record breaking spree, as it surpassed a major barrier of Rs190 against the US dollar for the first time in the inter-bank market mainly owing to political and economic instability in the country. The rupee dropped 0.72% (or Rs1.36) to an all-time low at Rs190.02 against the greenback on…
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The dollar problem | The Express Tribune
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[ad_1] LONDON: Barely recovered from a two-year bout of Covid, emerging markets now face capital flight, inflation, and even debt defaults as the dollar’s run to two-decade highs tightens the screws. Almost all past emerging market crises were linked to dollar strength. As the dollar rises, developing countries must tighten monetary policy to head off…
