Rupee
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Gold holds steady at peak, rupee rises for 24th session | The Express Tribune
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[ad_1] KARACHI: Gold prices in Pakistan remained unchanged at Rs388,100 per tola on Wednesday, a day after hitting an all-time high, according to the All Pakistan Sarafa Gems and Jewellers Association (APSGJA). The price of 10-gram gold also held steady at Rs332,733. In the international market too, gold remained steady at $3,654 per ounce, hovering…
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Rupee extends rally with gains of 20 paisa | The Express Tribune
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[ad_1] The Pakistani rupee extended its gains against the US dollar on Wednesday, rising 20 paisa, or 0.07%, in the inter-bank market. The currency closed at 282.22 compared to the previous day’s closing level of 282.42. It was the rupee’s fifth consecutive day of appreciation, driven by improved market sentiment amid an ongoing crackdown on…
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Gold, rupee on downward trajectory | The Express Tribune
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[ad_1] Listen to article KARACHI: Gold prices in Pakistan remained on a downward trajectory on Friday despite a notable rise in international markets, where the yellow metal gained over 1% as the US dollar weakened and investors weighed comments on tariffs by US President Donald Trump ahead of crucial trade talks with China. The All-Pakistan Gems and…
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Gold rises to record high, rupee falls | The Express Tribune
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[ad_1] KARACHI: Gold price hit an all-time high at Rs257,700 per tola (11.66 grams) in line with the global trend on Tuesday while the Pakistani rupee slightly weakened to Rs278.70 against the US dollar in the inter-bank market. According to the All Pakistan Sarafa Gems and Jewellers Association, bullion surged Rs1,200 per tola in a…
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Rupee drops for third consecutive day | The Express Tribune
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[ad_1] KARACHI: Pakistani currency dropped Rs0.05 and closed at Rs278.73 against the US dollar in the inter-bank market on Wednesday, maintaining its losing streak for the third consecutive day amid conflicting reports about the resumption of smuggling of foreign currencies from Pakistan to neighbouring countries. According to the State Bank of Pakistan (SBP) data, the…
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Rupee appreciates 2.75% in FY2023-24 | The Express Tribune
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[ad_1] KARACHI: The Pakistani currency appreciated by 2.75% (or Rs7.65) in the outgoing fiscal year 2023-24, closing at Rs278.34 against the US dollar in the inter-bank market on Friday. This marks the first appreciation after a three-year decline, ending the currency’s losing streak. However, the gains may not sustain, as the government has projected the…
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Rupee rallies on hopes of big IMF package | The Express Tribune
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[ad_1] KARACHI: Taking cue from Pakistan’s request to the International Monetary Fund (IMF) for a bigger bailout package of $8 billion, the rupee on Friday hit a three-week high at Rs278.20 against the US dollar in the inter-bank market. According to the State Bank of Pakistan’s (SBP) data, the Pakistani currency gained Rs0.19 compared to…
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Rupee rallies on talk of foreign investment | The Express Tribune
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[ad_1] KARACHI: The Pakistani currency strengthened by Rs0.09, closing at a nearly one-week high of Rs278.21 against the US dollar in the inter-bank market. This uptrend continued for the second consecutive day, buoyed by reports of progress in talks aimed at attracting multibillion-dollar foreign investments from friendly countries. The State Bank of Pakistan (SBP) reported…
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Rupee dips to one-month low | The Express Tribune
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[ad_1] KARACHI: Pakistani currency hit a one-month low at Rs278.47 against the US dollar in the inter-bank market on Wednesday, extending its losing streak for the third consecutive day in the wake of higher demand for the greenback. According to the State Bank of Pakistan (SBP)’s data, the rupee ticked down Rs0.08 compared to Tuesday’s…
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Rupee bounces back on rise in reserves | The Express Tribune
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[ad_1] KARACHI: Pakistani currency regained Rs0.19 on Friday and closed at Rs278.21 against the US dollar in the inter-bank market following a surge in the central bank’s foreign exchange reserves to a two-year high above $9 billion. According to the State Bank of Pakistan’s (SBP) data, the rupee had closed at a two-week low of…
