dollar
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Rupee continues winning streak against dollar amid ‘market optimism’
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[ad_1] A representational image of a man counting rupee notes at a money exchanger. — AFP/File The Pakistani rupee further strengthened on Wednesday against the dollar, continuing its winning streak in the interbank market as the government gears up to present a mini-budget to meet the International Monetary Fund’s (IMF) terms. In the interbank market,…
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Rupee gains more ground against dollar amid hopes of IMF deal
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[ad_1] A representational image of a currency market dealer counting rupee notes. — AFP/File The Pakistani rupee on Thursday gained more ground against the US dollar as it appreciated by Rs4.83 in the interbank market at the start of today’s trading session. The local currency was trading at Rs268.50 during intraday trade around 10:30am. On…
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Rupee strengthens against dollar
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[ad_1] A representational image of the rupee and US dollar notes. — AFP/File As the market seems to be hopeful of a positive outcome of the ongoing talks between the coalition government and the International Monetary Fund (IMF), the Pakistan rupee gained ground against the US dollar on Wednesday. In the interbank market, the rupee…
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Rupee claws back some ground against dollar
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[ad_1] A dealer collect US dollars at a money exchange market in Karachi on January 26, 2023. — AFP The Pakistani rupee Monday gained some ground against the US dollar in the interbank market after exporters encashed their payments, improving the market’s sentiment. Data from the State Bank of Pakistan (SBP) showed that the local…
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Smuggling not responsible for dollar hike | The Express Tribune
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[ad_1] ISLAMABAD: Pakistan Customs is not responsible for curbing smuggling at international borders and its role is limited to cities only, said the Customs Department head of operations on Thursday while again ruling out the role of smuggling in the record high price of dollars in the country. Mukarram Jah, a member of customs operations…
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Rupee weakens against dollar amid ambiguity on IMF talks
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[ad_1] A representational image of a currency dealer counting Rs500 notes. — AFP/File The Pakistani rupee lost ground on Thursday against the US dollar in the interbank market after following the International Monetary Fund’s disapproval of the circular debt management plan. The rupee depreciated by Rs2.52 to settle at Rs271.35 at the close of the…
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Rupee down in the dumps as dollar continues to flex muscles
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[ad_1] A dealer counts US dollars at a money exchange market in Karachi on January 26, 2023. — AFP/File The rupee continued its downward slide for the third consecutive day on Monday, losing Rs7.03 to a dollar or 2.61% to close at a new all-time low of Rs269.63 against the greenback in the interbank market.…
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SBP rubbishes claims of $3bn loss due to dollar cap
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[ad_1] A file photo of a person holding US dollar bills. — AFP/File The dollar cap, which was earlier imposed to stabilise the rupee’s rate against the greenback, did not result in losses worth $3 billion to the national kitty, the State Bank of Pakistan (SBP) said Sunday. To end the dollar crunch in the…
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Rupee keeps ‘pedal to metal’, tumbles over Rs7 against dollar
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[ad_1] A dealer holds US dollars at a money exchange market in Karachi on January 26, 2023. — AFP The Pakistani rupee kept ‘pedal to the metal’ losing over Rs7, or 2.73%, value against the US dollar as forex companies removed a cap on the exchange rate to win much-needed loans from the International Monetary Fund…
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Rupee falls 0.92% against dollar in open market
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[ad_1] A money exchange employee counts dollars. — AFP/File KARACHI: The Pakistani rupee Wednesday fell further against the US dollar after the exchange companies removed the unofficial cap on the greenback, hoping to dent the grey market. The rupee closed at 243 against the dollar, falling 2.25 or 0.92%, the Exchange Companies Association of Pakistan…
