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US dollar climbs over 190-mark during intraday trade
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[ad_1] A representational image of Rs1,000 note and Rs5 coins. โ AFP/File KARACHI: The Pakistani rupee surpassed all records on Wednesday, selling at above Rs190 against the dollar in the interbank market during intraday trading, to continue down a slide in the wake of the deepening economic crisis in the country. The local currency was…
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Dollar touches all-time high of Rs190 | The Express Tribune
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[ad_1] KARACHI: Pakistani currency hit a new all-time low of Rs190 against the US dollar in intra-day trade in the interbank market on Wednesday. Besides, the Pakistan Stock Exchange (PSX) lost over 500 points. The rupee and stocks both nosedived ahead of the resumption of talks with the International Monetary Fund (IMF) in Doha on…
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Oil dips below $100 on economic worries, strong dollar | The Express Tribune
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[ad_1] HOUSTON: US crude oil prices dipped below $100 on Tuesday to its lowest in two weeks as demand outlook was pressured by coronavirus lockdowns in China and growing recession risks, while a strong dollar made crude more expensive for buyers using other currencies. US West Texas Intermediate crude fell $3.25, or 3.13%, to $99.85…
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Rupee drops by Rs0.90 against US dollar | The Express Tribune
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[ad_1] KARACHI: Pakistani currency maintained its downturn on the second consecutive working day, as it freshly dropped 0.48% (or Rs0.90) to hit the second lowest historic-level of Rs187.53 against the US dollar in the inter-bank market on Monday. In the past two days, the local currency cumulatively dropped by 1% (or Rs1.84) as compared to…
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Oil steadies near $110 as dollar offsets worries | The Express Tribune
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[ad_1] NEW YORK: Oil prices steadied on Thursday, under pressure from a stronger dollar and a drop in global stock markets while supported by supply worries after the European Union (EU) laid out plans for new sanctions against Russia including an embargo on crude. Brent futures rose 42 cents, or 0.4%, to $110.56 a barrel…
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Dollar rises towards 20-year high | The Express Tribune
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[ad_1] LONDON: The dollar rose back towards a 20-year high on Monday as the euro struggled around the $1.05 mark, with investors preparing for a busy week of central bank meetings including a likely Federal Reserve interest rate hike. The euro also came under pressure after a survey showed that eurozone manufacturing output growth stalled…
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Russia makes last-gasp dollar bond payments | The Express Tribune
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[ad_1] MOSCOW: Russia made what appeared to be a late U-turn to avoid default on Friday, as it made a number of already overdue international debt payments in dollars despite previously vowing they would only be paid in roubles. Whether the money would make it to the United States and other western countries that sanctioned…
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Oil prices dip as dollar soars | The Express Tribune
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[ad_1] NEW YORK: Oil prices dipped on Wednesday as a soaring US dollar made barrels more expensive and coronavirus outbreaks in China clouded the economic outlook in the worldโs biggest importer of crude oil. Supplies remained tight in the worldโs largest oil producer, the US, as government data showed crude stockpiles rose modestly last week…
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Rupee at two-week low against dollar | The Express Tribune
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[ad_1] KARACHI: Pakistani currency has reversed almost all the gains it had achieved against the US dollar in the wake of the new political setup in the parliament, as it has cumulatively lost 3% (Rs5.42) in the past four days to a two-week low of Rs186.92 per dollar in the inter-bank market on Thursday. At…
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Rupee falls to Rs189.5 against dollar in inter-bank | The Express Tribune
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[ad_1] KARACHI: The Pakistani currency recorded a sharp drop of Rs3.39 on Thursday and plunged to an all-time low of Rs189.51 against the US dollar in intra-day trading in the inter-bank market owing to political turmoil in the country. The domestic currency had closed at Rs186.13 against the greenback on Wednesday. Sources said that rupee…






