Rupee
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Rupee rout enters third day as dollar demand rises
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[ad_1] A currency dealer can be seen counting $100 notes. — AFP/File KARACHI: Pakistan’s rupee’s retreat entered its third day in the interbank market as it eased by Re0.22 or 0.10% versus the dollar to close at 221.91 compared to Monday’s close of 221.69, the State Bank of Pakistan’s (SBP) data showed. Traders pinned this…
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Rupee snaps 3-day winning streak as demand strengthens dollar
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[ad_1] KARACHI: Rupee snapped its three-day rally Friday as dollar demand for import payments mounted pressure on the local currency. The rupee closed at 221.64 after a downtick of Rs0.22 or 0.1% versus the greenback in the interbank market, according to the numbers released by the State Bank of Pakistan (SBP), as compared to the…
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Rupee remains stable against US dollar
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[ad_1] A representational image of US dollar notes. — Online/File KARACHI: The Pakistani rupee remained stable against the US dollar in the interbank market on Tuesday amid matching demand and supply of the greenback. Data released by the State Bank of Pakistan (SBP) showed that the local unit closed at 221.65 against the dollar compared…
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Rupee sees minor gain against US dollar in interbank market
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[ad_1] A file image showing a currency dealer counting $100 notes — AFP/File KARACHI: The Pakistani rupee finally snapped its multi-day losing steak as it registered a slight gain of 0.01% against the greenback in the interbank market on Friday. According to the State Bank of Pakistan (SBP), the rupee closed at 221.92 after an…
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Rupee snaps two-day winning streak | The Express Tribune
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[ad_1] KARACHI: Pakistani currency failed to sustain the upward trend on Wednesday, losing 0.35% (Rs0.78) on a day-on-day basis to close at Rs221.43 against the US dollar in the inter-bank market. Earlier, the rupee had cumulatively gained 0.82% (or Rs1.82) in the past two consecutive working days. The latest drop came after the government allowed…
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Rupee retreats versus dollar on political concerns
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[ad_1] In this undated photo, a currency dealer calculates $100 notes. — AFP/File KARACHI: The rupee Wednesday depreciated 0.35% against the dollar as political uncertainties dampened the excitement spurred by hopes of inflows from the International Monetary Fund (IMF) and China. According to the State Bank of Pakistan (SBP), the rupee ended at 221.43 after…
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Rupee edges up against US dollar in interbank market
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[ad_1] A file image showing a currency dealer counting $100 notes — AFP KARACHI: In view of loan tranche expectations from the International Monetary Fund (IMF), the Pakistani rupee on Tuesday continued to recover against the US dollar in the interbank market. As per the latest statistics issued by the State Bank of Pakistan (SBP),…
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Rupee rises against dollar after Dar’s meetings with SBP officials
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[ad_1] A person counting 5,000 rupee notes. — AFP/File KARACHI: The Pakistani rupee opened the week on a positive note, recovering against the US dollar on Monday. Finance Minister Ishaq Dar’s meetings with the State Bank of Pakistan (SBP) officials and currency dealers produced good results as the local currency gained Rs1.59 or 0.72% against…
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Rupee loses ground ahead of PTI’s long march
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[ad_1] A file image showing a currency dealer counting $100 notes — AFP/File KARACHI: In view of the rising political temperature and uncertainty in the county ahead of the PTI’s long march to Islamabad, the Pakistani rupee maintained its losing streak against the US dollar for the second consecutive session in the interbank market on…
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Rupee maintains gaining streak, closes below 220 mark against US dollar
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[ad_1] A file image showing a currency dealer counting $100 notes — AFP/File KARACHI: The Pakistani rupee maintained its upward trajectory against the US dollar for the third consecutive session in the interbank market on Tuesday, falling below the psychological barrier of Rs220. According to data released by the State Bank of Pakistan, the local…
