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, the gap between exchange rates in the open and inter-bank markets widened to a historic…
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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 of reduced supplies of foreign currency, which has put pressure on the rupee. In the…
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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 ground. Warnings of a massive drop in the rupee are flaring up, with some analysts…
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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 currency came under renewed pressure after it slumped almost Rs7 to around Rs300/$ in 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 Friday. At a point, the rupee had recovered over Rs14, to Rs284 per dollar, however,…
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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 greenback. The rupee had slumped by around 4%, or Rs14 in the past two days…
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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 the interbank market, the local unit plunged Rs8.78, or 3.02%, against the US dollar on…
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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 fresh low. Data shared by the State Bank of Pakistan (SBP) showed that the rupee…
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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 on Tuesday, consumer prices surged 36.4% in April compared to the previous year, the highest…
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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 rupee-dollar exchange after five-day-long Eid holidays. On the previous working day on April 20, it…
