Rupee
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Rupee sinks to new low at 308 in open market | The Express Tribune
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[ad_1] KARACHI: Pakistani currency on Tuesday sank to a new record low at Rs308 against the US dollar in the open market, down 1%, or Rs3, from the previous day’s close, according to the Exchange Companies Association of Pakistan. Consequently,…
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Rupee continues to slide as FX reserves decline | The Express Tribune
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[ad_1] KARACHI: The Pakistani currency faced further depreciation for the third consecutive working day, with the rupee sliding by 0.07% or Rs0.20 against the US dollar in the interbank market, reaching Rs285.82 on Friday. This decline comes as a result…
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‘Rupee may slump to 350 per dollar in June’
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[ad_1] An undated image of Rs1,000 note and Rs5 coins. — AFP/File As the rupee continues to explore new records against the US dollar, stakeholders are now concerned about the maximum that the local unit will fall before holding its…
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Rupee hits new 1-week low as downtick continues | The Express Tribune
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[ad_1] KARACHI: Taking cue from the open market, Pakistani rupee maintained its downtick in the inter-bank market for the second consecutive day on Thursday, dropping 0.08%, or Rs0.22, to a new one-week low at Rs285.62 against the US dollar. The…
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Rupee makes suprising recovery of over Rs13 per dollar
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[ad_1] An undated image of a currency dealer counting $100 notes. — AFP In a surprise move, the volatile Pakistani rupee made a sharp recovery of nearly Rs14, closing at Rs285.08 against the US dollar in the interbank market on…
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Rupee makes recovery against USD, appreciates by 5% | The Express Tribune
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[ad_1] KARACHI: The Pakistani rupee dramatically recovered 5%, or Rs15, to the pre-political crisis rate of Rs284 against the US dollar in the interbank market on Friday. Yesterday, the currency had nosedived to an all-time low at Rs299 against the…
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Rupee races to 300, trades at new low of 299 per dollar in interbank market
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[ad_1] An undated image of a currency dealer counting Rs500 notes. — AFP The rupee tumbled to a record low as the cash-strapped nation continues to grapple with the political turmoil which threatens to spiral into a fullblown crisis. In…
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Rupee plunges 5.38 against dollar to fresh low
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[ad_1] A currency exchange dealer counts $100 bills. — AFP/File As political uncertainty intensified across the country Wednesday following the arrest of Pakistan Tehreek-e-Insaf (PTI) Chairman Imran Khan, the exchange rate was also affected, with the rupee falling to a…
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Pakistan inflation soars past Sri Lanka’s amid weakening rupee | The Express Tribune
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[ad_1] Pakistan’s inflation rate has outpaced Sri Lanka’s, becoming the fastest in Asia, as the rupee’s 20% drop against the dollar this year and rising food and energy costs drive up consumer prices. According to a report published in Bloomberg…
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Rupee hits one-month high at 283.39 to a dollar | The Express Tribune
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[ad_1] KARACHI: Pakistani rupee ticked up 0.03%, or Rs0.08, on Wednesday and closed at a one-month high at Rs283.39 against the US dollar in inter-bank market, maintaining its winning streak for the second consecutive working day. The currency market resumed…
