Rupee
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Rupee dives as rumours spark fears | The Express Tribune
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[ad_1] KARACHI: Pakistani currency dived 1.07% (or Rs2.14) to a two-week low at Rs200.06 against the US dollar in the inter-bank market on Monday due partly to strong rumours that the government was considering freezing foreign currency accounts. The rupee closed at Rs197.92 on Friday, according to the central bank. “Rumours of freezing foreign currency…
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Rupee close to breach 200-mark in interbank trade again
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[ad_1] A representational image of a currency dealer counting Rs500 notes. — AFP/File KARACHI: The Pakistani rupee on Monday maintained its downward streak and plunged to 199.75 against the US dollar in the interbank market amid concerns regarding the upcoming budget 2022-23 and the revival of the multibillion-dollar International Monetary Fund (IMF) programme, according to…
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Rupee drops to one-week low of 200.51 against USD | The Express Tribune
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[ad_1] KARACHI: The Pakistani rupee on Monday slumped 1.30% (or Rs2.59) to a one-week low of Rs200.51 against the US dollar at around 1:45pm in the inter-bank market on Monday marking another significant drop for a single day. The rupee had closed at Rs197.92 against the greenback on Friday, according to the central bank. “This…
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Rupee drops to two-week low of 200.51 against USD | The Express Tribune
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[ad_1] KARACHI: The Pakistani rupee on Monday slumped 1.30% (or Rs2.59) to a two-week low of Rs200.51 against the US dollar at around 1:45pm in the inter-bank market on Monday marking another significant drop for a single day. The rupee had closed at Rs197.92 against the greenback on Friday, according to the central bank. “This…
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Rupee falls 0.17% against dollar | The Express Tribune
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[ad_1] KARACHI: The rupee fell 0.17% to stand at 197.92 against the US dollar in the inter-bank market on Friday, compared with Thursday’s close of Rs197.59, according to the State Bank of Pakistan (SBP). The currency was recovering slowly after it hit a historic low at Rs202.01 on May 26 owing to delay in the…
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Rupee will stabilise after IMF deal: Iqbal | The Express Tribune
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[ad_1] ISLAMABAD: Federal Minister for Planning, Development and Special Initiatives Ahsan Iqbal on Wednesday said that Pakistan needed a big jump in exports to cope with economic challenges and urged the business community to play a role in boosting exports. He made the remarks after inaugurating the Environment Expo along with Atadjan Movlamov, Ambassador of…
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Rupee recovers another 0.35% vs dollar | The Express Tribune
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[ad_1] KARACHI: Pakistani currency maintained its uptrend for the second consecutive working day, gaining another 0.35% (or Rs0.70) to a new one-week high at Rs199.06 against the US dollar in the inter-bank market on Monday. The currency had closed at Rs199.76 against the greenback on Friday, according to Pakistan’s central bank data. The currency resumed…
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Rupee gains ground against US dollar | The Express Tribune
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[ad_1] KARACHI: The Pakistani rupee maintained an upward trend on the second consecutive working day, gaining another Rs0.70 – 0.35 per cent – to touch Rs199.06 against the US dollar in the interbank market on Monday. After opening at Rs199.76, it hit an intra-day low of Rs201 at one point before bouncing back against the…
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Rupee recovers to one-week high | The Express Tribune
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[ad_1] ISLAMABAD: Pakistani currency partially recovered 1.13% (or Rs2.25) to a one-week high at Rs199.76 against the US dollar in the inter-bank market, ending the previous 15 working days’ long free-fall on Friday. The currency regained after the PML-N coalition government took the much-awaited tough decision of increasing petroleum product prices with effect from May…
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Rupee surges, KSE-100 index gains over 850 points during intraday trade
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[ad_1] A representative image. KARACHI: The financial markets Friday responded positively to the government’s announcement of the removal of subsidies on petroleum products and hopes for the revival of the IMF loan programme. The Pakistan Stock Exchange’s (PSX) benchmark KSE-100 index rose more than 850 points and crossed the 43,000 threshold during the intraday trade.…
