Rupee
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Pakistan rupee flat as demand outstrips dollar supply
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[ad_1] A money dealer talks to customers holding two phone receivers to both his ears as he displays $100 banknotes at a foreign exchange company. —AFP/File KARACHI: Pakistan’s rupee Friday ended flat against US currency, mostly owing to corporate demand for the dollar amid diminished supplies. The currency ticked down Rs0.02 or 0.01% to close…
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Rupee down versus dollar on political uncertainty
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[ad_1] A money exchange employee counts dollars. — AFP/ file The Pakistani rupee Thursday went down by a few notches versus the dollar, losing 0.05% in the interbank market attributable to restrained trade as investors awaited clarity on the army chief’s appointment. The rupee closed at 223.92 after a decline of Re0.11, the central bank data…
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Rupee fails to extend previous gains | The Express Tribune
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[ad_1] KARACHI: Pakistani currency failed on Wednesday to sustain the little gains made against the US dollar a day ago as it resumed the downtrend amid increased demand for the greenback for import payments and foreign debt repayment. The rupee dropped 0.17% (or Rs0.39) to close at a six-week low at Rs223.81 to a dollar…
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After a day’s respite, rupee resumes downward trend against dollar
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[ad_1] A representational image of Rs1,000 rupee notes and $100 US dollar note. — AFP/File KARACHI: After a day’s respite, the Pakistani rupee once again reverted to its downward trend by depreciating 0.17% against the US dollar in the interbank market. The local unit closed at 223.81 against the greenback falling by Re0.39 compared to…
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Gold edges upward as rupee depreciation boosts appeal
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[ad_1] A re[resentational image of gold jewellery. — AFP/File KARACHI: Gold price in Pakistan extended gains from last week as the continuous depreciation of rupee against the US dollar boosted the appeal of the safe-haven asset. Data released by the All Pakistan Sarafa Gems and Jewellers Association (APSGJA) showed that the price of gold rose…
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Rupee continues to falter against US dollar
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[ad_1] A representational image of Pakistani notes of Rs10, 20, 50, 100, 500, 1,000 and coins of Re1, Rs2 and Rs5. — AFP/File KARACHI: The value of the US dollar touched Rs231 in the open market on Monday with the rupee falling Rs1.5 compared to Friday’s exchange rate — continuing a slide that saw it…
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Rupee dips to six-week low | The Express Tribune
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[ad_1] KARACHI: Weighed down by weak economic fundamentals, Pakistani rupee dipped to a six-week low at Rs223.17 to a dollar in the inter-bank market on Friday as importers were unsure whether the flow of the greenback would improve in the near future. Apart from the currency’s fall, the yield on Pakistan’s global Sukuk, maturing next…
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Rupee stuck in reverse gear amid high default risks
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[ad_1] A currency dealer works at an exchange company. — AFP/File KARACHI: Pakistani rupee Friday remained stuck in reverse gear versus the dollar in the interbank trade as high default risks and low foreign exchange reserves sapped the sentiment. The local unit closed at 223.17 against the US dollar after losing 0.22% compared to Thursday’s…
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Rupee devalues against dollar for fifth straight day
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[ad_1] A currency dealer can be seen counting $100 notes while a stack of Rs5,000 notes is placed on the table. — AFP/File KARACHI: Pakistan rupee’s losing streak against the US currency in the interbank trade entered its fifth day as import payments-led dollar demand weighed on the local unit amid tight supply. Data released by…
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Rupee continues to weaken against greenback amid high dollar demand
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[ad_1] Currency dealers exchanging Rs1,000 notes. — AFP/File KARACHI: In line with the increasing demand for the US dollar from importers due to import payment pressure, the Pakistani rupee continued to depreciate against the US dollar on Wednesday in the interbank market. According to data released by the State Bank of Pakistan (SBP), the local…
