Rupee
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Rupee continues upward momentum against dollar
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[ad_1] A file image showing a currency dealer counting $100 notes — AFP/File KARACHI: The Pakistani rupee on Monday managed to post more gains against the US dollar as the local unit jumped by Rs1.70 against the greenback during early trade in the interbank market. The rupee was changing hands at Rs226.75 after gaining 1.70…
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Rupee gains further strength after Dar’s warning
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[ad_1] A currency dealer counts Rs5,000 notes in this AFP file photo. KARACHI: The rupee gained in value Thursday for the fifth consecutive trading session against the dollar after a change of leadership at the Ministry of Finance and a warning from Ishaq Dar to the speculators playing with the local currency. In the interbank…
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Ishaq Dar affect? Rupee registers massive gains against dollar
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[ad_1] A currency dealer can be seen counting Rs500 notes. — AFP/File KARACHI: The rupee made massive gains on Monday, skyrocketing by 1.11% against the US dollar in the interbank market, hours before the arrival of PML-N leader Ishaq Dar in the country who is slated to become Pakistan’s new finance minister. In the interbank…
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Rupee continues nosediving, reaches near all-time low against dollar
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[ad_1] A currency dealer is counting notes of $100 while Rs5,000 notes are placed on the table. — AFP/File KARACHI: Post-flood economic situation and shortage of the dollar in the country kept the Pakistani rupee under pressure for the 15th consecutive session as the local unit on Thursday registered further losses in the interbank market.…
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Rupee closes at record low of 239.65 against US dollar
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[ad_1] A currency dealer is seen counting $100 notes; while Rs500 notes are kept on the table. — AFP/File KARACHI: The Pakistani rupee continued to lose grounds unabated for the 14th consecutive session on Wednesday and closed at a record low of Rs239.65 against the US dollar in the interbank market during intraday trade amid…
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Rupee continues recovery against USD, inter-bank rate at 204.85 | The Express Tribune
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[ad_1] KARACHI: The Pakistani rupee recovered 0.13% (or Rs0.27) on a day-to-day basis to a three-week high of Rs204.85 against the US dollar on the last day of the outgoing fiscal year on Thursday. Cumulatively, in the outgoing fiscal year, the rupee slumped a record 30% to Rs204.85 on Thursday compared to the close of…
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Rupee gains Rs1.7 against dollar amid hopes of IMF programme revival
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[ad_1] The Pakistani rupee gained Rs1.75 to close at Rs205.12 against the greenback in the interbank market.— AFP/File KARACHI: As Pakistan received the Memorandum of Economic and Fiscal Policies (MEFP) from the International Monetary Fund (IMF) for the combined seventh and eighth reviews, the local unit gained Rs1.75 against the US dollar in the interbank…
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Rupee strengthens vs dollar | The Express Tribune
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[ad_1] KARACHI: The rupee strengthened against the US dollar at 206.87 in the inter-bank market on Tuesday compared to 207.94 on Monday, according to the State Bank of Pakistan. The rupee has depreciated sharply in the past few months in the wake of delay in revival of the stalled International Monetary Fund’s (IMF) loan programme,…
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Indian rupee hits record low amid ‘sustained inflation’ | The Express Tribune
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[ad_1] MUMBAI: The Indian rupee hit record lows against the US currency on Tuesday after higher oil prices raised concerns of sustained inflation, although intermittent dollar selling by the central bank helped limit losses. The partially convertible rupee was trading at 78.75/76 per dollar by 0745 GMT, compared to its close of 78.34 on Monday. The…
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Rupee snaps weakening streak with 2.2% recovery | The Express Tribune
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[ad_1] KARACHI: Pakistani currency made the single largest recovery of Rs4.70 (or 2.22%) in a day to Rs207.23 against the US dollar in the inter-bank market, eventually breaking the two-week long record-making downward streak on Thursday. The domestic currency hit an intra-day high of Rs206.50 against the greenback, a currency dealer said. Earlier, the domestic…
