Rupee
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Rupee makes surprising recovery of Rs6.63 | The Express Tribune
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[ad_1] KARACHI: In a surprise move, the volatile Pakistani currency made a sharp recovery of 2.38%, or Rs6.63, and closed at Rs278.46 against the US dollar in the inter-bank market on Friday. At a point, the rupee had recovered 4.5%, or Rs12, to Rs273/$. The currency partially gained ground after registering a historical drop of…
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Rupee recovers 4.5% to Rs273 against US dollar | The Express Tribune
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[ad_1] KARACHI: The Pakistani currency made a sharp recovery of 4.5%, or over Rs12, to Rs273 against the US dollar in the interbank market at around noon on Friday. The rupee partially gained ground against the greenback after yesterday’s historic drop of 6.7%, or Rs19, to an all-time low of Rs285 per US dollar. The…
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Rupee falls sharply amid delay in IMF deal
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[ad_1] — APP/File KARACHI: The local currency fell sharply on Thursday against the US dollar amid a delay in the International Monetary Fund’s (IMF) deal, plunging by Rs17.59 during the trade, according to the Exchange Companies Association of Pakistan (ECAP). The dollar was trading at Rs283.71 in the interbank market after closing at Rs266.11 a…
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Rupee freefalls in interbank to 290.18 against USD | The Express Tribune
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[ad_1] KARACHI: The Pakistani rupee plunged 8.29% (or Rs24.07) to a new all-time low of Rs290.18 against the US dollar in the interbank market at around noon on Thursday. The rupee continued its significant loss of value on the second consecutive day since the government reinstated the market-based exchange rate on the directive of the…
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Rupee slides to 265.83 in interbank market over IMF concerns | The Express Tribune
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[ad_1] KARACHI: The Pakistani currency nosedived 1.65% (or Rs4.33) to Rs265.83 against the US dollar in the interbank market at 12:45 pm on Wednesday. The latest drop follows the International Monetary Fund (IMF) expressing concern with the incumbent government regarding the still-present control of the rupee in the interbank market. The rupee also took a…
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Gold rate rises in Pakistan despite recovery in rupee
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[ad_1] An undated image of a customer looking at the gold bangles at a store. — AFP/File Gold regained lost ground on Thursday, as bargain hunting trickled in after prices dropped a day earlier in response to the continued recovery of the Pakistani rupee against the US dollar. Data released by the All-Pakistan Sarafa Gems…
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Rupee gains ground for fourth consecutive session
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[ad_1] A Pakistani dealer counts US dollars at a currency exchange shop in Karachi on October 9, 2018. — AFP The Pakistan rupee registered gains against the US dollar for the fourth consecutive session as the investors’ sentiments were boosted following an adequate dollar supply in the market and hopes of revival of the International…
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Rupee continues winning streak against dollar amid ‘market optimism’
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[ad_1] A representational image of a man counting rupee notes at a money exchanger. — AFP/File The Pakistani rupee further strengthened on Wednesday against the dollar, continuing its winning streak in the interbank market as the government gears up to present a mini-budget to meet the International Monetary Fund’s (IMF) terms. In the interbank market,…
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Rupee gains more ground against dollar amid hopes of IMF deal
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[ad_1] A representational image of a currency market dealer counting rupee notes. — AFP/File The Pakistani rupee on Thursday gained more ground against the US dollar as it appreciated by Rs4.83 in the interbank market at the start of today’s trading session. The local currency was trading at Rs268.50 during intraday trade around 10:30am. On…
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Rupee strengthens against dollar
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[ad_1] A representational image of the rupee and US dollar notes. — AFP/File As the market seems to be hopeful of a positive outcome of the ongoing talks between the coalition government and the International Monetary Fund (IMF), the Pakistan rupee gained ground against the US dollar on Wednesday. In the interbank market, the rupee…
