dollar
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Rupee edges up against US dollar in interbank market
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[ad_1] A file image showing a currency dealer counting $100 notes — AFP KARACHI: In view of loan tranche expectations from the International Monetary Fund (IMF), the Pakistani rupee on Tuesday continued to recover against the US dollar in the interbank market. As per the latest statistics issued by the State Bank of Pakistan (SBP),…
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Rupee rises against dollar after Dar’s meetings with SBP officials
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[ad_1] A person counting 5,000 rupee notes. — AFP/File KARACHI: The Pakistani rupee opened the week on a positive note, recovering against the US dollar on Monday. Finance Minister Ishaq Dar’s meetings with the State Bank of Pakistan (SBP) officials and currency dealers produced good results as the local currency gained Rs1.59 or 0.72% against…
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Rupee maintains gaining streak, closes below 220 mark against US dollar
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[ad_1] A file image showing a currency dealer counting $100 notes — AFP/File KARACHI: The Pakistani rupee maintained its upward trajectory against the US dollar for the third consecutive session in the interbank market on Tuesday, falling below the psychological barrier of Rs220. According to data released by the State Bank of Pakistan, the local…
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Dollar extends gains on Fed rate hike expectations
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[ad_1] The dollar is up sharply against other currencies as the Federal Reserve presses ahead with sharp interest rate hikes to fight inflation. — AFP HONG KONG: The dollar extended gains Friday on expectations the Federal Reserve will press ahead with its programme of bumper interest rate hikes for the rest of the year. Traders…
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Seventh consecutive session: Rupee continues to lose against US dollar
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[ad_1] A file image showing a currency dealer counting $100 notes — AFP KARACHI: The rupee’s steep slide against the US dollar slowed down on Thursday as reports of encouraging current account deficit data extended support to the local unit. According to the State Bank of Pakistan (SBP), the local currency closed at Rs220.95 in…
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Rupee continues losing streak against US dollar
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[ad_1] A foreign currency dealer counts US dollars at a shop in Karachi, Pakistan, May 19, 2022. — AFP/File The Pakistani rupee further lost ground against the US dollar as it depreciated by Rs1.16 in the interbank market on Wednesday. The local unit closed at 220.875 in the interbank market, according to the State Bank…
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Rupee continues to depreciate against dollar
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[ad_1] A foreign currency dealer counts US dollars at a shop in Karachi, Pakistan, May 19, 2022. — AFP/File KARACHI: Pakistani rupee extended losses against the dollar for the fifth straight session as the demand for the US currency from the importers heated up owing to the opening of new LCs (letters of credit). The…
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Dollar continues rally for fourth successive session, closes at Rs218.89
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[ad_1] A file image showing a currency dealer counting $100 notes — AFP KARACHI: The US dollar maintained its upward trajectory against the Pakistani rupee for the fourth consecutive session in the interbank market on Monday. The rupee closed at 218.89 after depreciating Rs0.46 or 0.21% against the greenback compared to Friday’s close of 218.43,…
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Dollar continues to extend gains against rupee, closes at Rs218.43
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[ad_1] A currency dealer counts US dollars at a shop. — AFP/File KARACHI: The Us dollar continued to gain ground against the rupee for the third consecutive session in the interbank market on Friday. The local currency closed at 218.43 after depreciating 0.02% or Rs0.05 against the greenback in the interbank market, according to the…
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Dollar continues upward trend against rupee for second consecutive session
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[ad_1] A foreign currency dealer counts US dollar notes at a currency market in Karachi on July 19, 2022. — AFP The US dollar continued its upward trend against the Pakistani rupee for the second consecutive session as it gained 0.12 in the interbank market on Thursday. The dollar was trading at Rs218 after the…
