Rupee
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Rupee depreciates to 5-week low | The Express Tribune
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[ad_1] KARACHI: Pakistani currency on Thursday hit a five-week low at Rs278.48 against the US dollar in the inter-bank market, maintaining its downward trend over the past one month amid speculation about lower supply of the foreign currency and an uptick in its demand in the market. According to the State Bank of Pakistan’s (SBP)…
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Rupee holds firm near 5-month high | The Express Tribune
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[ad_1] KARACHI: The Pakistani currency has remained stable near its recent five-and-a-half-month high for the past couple of days, closing at Rs277.93 against the US dollar in the interbank market on Friday. The currency has been fluctuating around this level, approaching the significant psychological threshold of Rs277/$. According to the State Bank of Pakistan’s (SBP)…
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Rupee surges to new five-month high at Rs278.14/$ | The Express Tribune
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[ad_1] KARACHI: The Pakistani currency reached a new five-month high at Rs278.14 against the US dollar in the interbank market, continuing its winning streak for the seventh consecutive working day, driven by persistent improvements in the country’s foreign exchange reserves. Market discussions suggest that the rupee received further support against the greenback following Finance Minister…
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Rupee hits new 5-month high at 278.74/$ | The Express Tribune
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[ad_1] KARACHI: The Pakistani currency edged up to a new over five-month high at Rs278.74 against the US dollar in the interbank market, maintaining an uptick for the third consecutive working day, fuelled by relatively better supply of the greenback in the domestic economy. According to the State Bank of Pakistan’s (SBP) data, the domestic…
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Rupee rises to 4-1/2-month high vs dollar | The Express Tribune
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[ad_1] KARACHI: Pakistani currency on Friday hit a four-and-a-half-month high at Rs279.04 against the US dollar in the inter-bank market where it extended its uptrend for the second consecutive day. The latest, meaningful increase in the rupee value came in the wake of International Monetary Fund’s (IMF) positive response to Pakistan over the request of…
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Rupee falls slightly from 4-month high | The Express Tribune
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[ad_1] KARACHI: The stabilising Pakistani currency on Friday slightly depreciated to Rs279.19 against the US dollar in the inter-bank market, coming down from over four-month high in the wake of a decline in the central bank’s foreign currency reserves below $8 billion. According to State Bank of Pakistan’s (SBP) data, the rupee ticked down 0.02%,…
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Rupee rises amid political stability | The Express Tribune
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[ad_1] PHOTO: REUTERS/FILE KARACHI: The Pakistani currency resumed its uptrend after a day of nominal losses, partially regaining to Rs279.50 against the US dollar in the interbank market on Wednesday amid the beginning of the end of the political crisis over the formation of the government in the centre. According to the State Bank of…
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Rupee disparity grows amid political turmoil | The Express Tribune
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[ad_1] KARACHI: The disparity in the value of the rupee between interbank and open markets widened to over Rs2 on Tuesday, compared to around Rs1.50 previously, signalling a potential return of currency volatility amid political turmoil. The spread, however, stands at 0.72% (Rs2.01), remaining well below the International Monetary Fund’s recommended maximum level of 1.25%.…
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Sri Lanka to ease limits on rupee conversion | The Express Tribune
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[ad_1] COLOMBO: Sri Lanka has approved gradually lifting some limits on converting rupees to foreign exchange for outward remittances and the new directions will be presented to parliament for approval, cabinet spokesperson Bandula Gunawardane said on Tuesday. The island nation’s central bank had suspended permission to remit funds for overseas investments by Sri Lankan residents…
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Rupee closes below Rs280/$ after a year | The Express Tribune
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[ad_1] KARACHI: The Pakistani currency strengthened to over a 12-month high, closing just below the highly anticipated level of Rs280 against the US dollar in the interbank market on Thursday. According to data from the State Bank of Pakistan (SBP), the domestic currency appreciated by 0.04%, or Rs0.12, concluding at Rs279.98 against the greenback. This…
