dollar
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Rupee down versus dollar on political uncertainty
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[ad_1] A money exchange employee counts dollars. — AFP/ file The Pakistani rupee Thursday went down by a few notches versus the dollar, losing 0.05% in the interbank market attributable to restrained trade as investors awaited clarity on the army chief’s appointment. The rupee closed at 223.92 after a decline of Re0.11, the central bank data…
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After a day’s respite, rupee resumes downward trend against dollar
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[ad_1] A representational image of Rs1,000 rupee notes and $100 US dollar note. — AFP/File KARACHI: After a day’s respite, the Pakistani rupee once again reverted to its downward trend by depreciating 0.17% against the US dollar in the interbank market. The local unit closed at 223.81 against the greenback falling by Re0.39 compared to…
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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 devalues against dollar for fifth straight day
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[ad_1] A currency dealer can be seen counting $100 notes while a stack of Rs5,000 notes is placed on the table. — AFP/File KARACHI: Pakistan rupee’s losing streak against the US currency in the interbank trade entered its fifth day as import payments-led dollar demand weighed on the local unit amid tight supply. Data released by…
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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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Rupee rout enters third day as dollar demand rises
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[ad_1] A currency dealer can be seen counting $100 notes. — AFP/File KARACHI: Pakistan’s rupee’s retreat entered its third day in the interbank market as it eased by Re0.22 or 0.10% versus the dollar to close at 221.91 compared to Monday’s close of 221.69, the State Bank of Pakistan’s (SBP) data showed. Traders pinned this…
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Rupee snaps 3-day winning streak as demand strengthens dollar
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[ad_1] KARACHI: Rupee snapped its three-day rally Friday as dollar demand for import payments mounted pressure on the local currency. The rupee closed at 221.64 after a downtick of Rs0.22 or 0.1% versus the greenback in the interbank market, according to the numbers released by the State Bank of Pakistan (SBP), as compared to the…
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Rupee remains stable against US dollar
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[ad_1] A representational image of US dollar notes. — Online/File KARACHI: The Pakistani rupee remained stable against the US dollar in the interbank market on Tuesday amid matching demand and supply of the greenback. Data released by the State Bank of Pakistan (SBP) showed that the local unit closed at 221.65 against the dollar compared…
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Rupee sees minor gain against US dollar in interbank market
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[ad_1] A file image showing a currency dealer counting $100 notes — AFP/File KARACHI: The Pakistani rupee finally snapped its multi-day losing steak as it registered a slight gain of 0.01% against the greenback in the interbank market on Friday. According to the State Bank of Pakistan (SBP), the rupee closed at 221.92 after an…
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Rupee retreats versus dollar on political concerns
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[ad_1] In this undated photo, a currency dealer calculates $100 notes. — AFP/File KARACHI: The rupee Wednesday depreciated 0.35% against the dollar as political uncertainties dampened the excitement spurred by hopes of inflows from the International Monetary Fund (IMF) and China. According to the State Bank of Pakistan (SBP), the rupee ended at 221.43 after…
