Rupee
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Rupee continues to sink against USD, hits historic low of 193 | The Express Tribune
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[ad_1] KARACHI: The Pakistani rupee continued its nosedive against the US dollar on Friday, for the fifth consecutive working day, as it declined by 0.64% (Rs1.23) to a new historical low, reaching Rs193 against the greenback in the inter-bank market. The domestic currency had closed at Rs191.77 against the global currency a day earlier, according…
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Rupee posts fresh slump | The Express Tribune
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[ad_1] KARACHI: Pakistani currency maintained its downturn on the fourth consecutive day, as it dropped by a notable 0.91% (or Rs1.75) to a new all-time low at Rs191.77 against the US dollar in the interbank market on Thursday. The rupee closed at Rs190.02 on the previous day (Wednesday), according to the central bank’s data. Cumulatively,…
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Pakistani rupee continues to be on slippery ground, hits new historic low
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[ad_1] A currency dealer counting Rs1,000 notes while a stack of $100 is placed Photo: file KARACHI: The Pakistani rupee on Thursday broke all previous records against the US dollar and dropped to an all-time low of Rs191.75 in the interbank market during intraday trading. The decline was in line with the predictions of the…
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Rupee crosses 190 vs US dollar | The Express Tribune
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[ad_1] KARACHI: Pakistani currency maintained its record breaking spree, as it surpassed a major barrier of Rs190 against the US dollar for the first time in the inter-bank market mainly owing to political and economic instability in the country. The rupee dropped 0.72% (or Rs1.36) to an all-time low at Rs190.02 against the greenback on…
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Market watch: Rupee fall, political turbulence pull stocks down | The Express Tribune
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[ad_1] KARACHI: The Pakistan Stock Exchange witnessed selling pressure on Wednesday, following rupee’s fall to an all-time low amid political turbulence, which dragged the benchmark KSE-100 index below the 43,000-point mark. Moreover, concerns about terms of the resumed IMF loan programme and delay in approval of Saudi Arabian aid package also contributed to the bearish…
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No respite for dwindling rupee | The Express Tribune
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[ad_1] KARACHI: Pakistani currency failed to win support against the US dollar and weakened to a new record level, as it plunged 0.6% (or Rs1.13) to an all-time low of Rs188.66 against the greenback in the inter-bank market on Tuesday. The weakening rupee, however, caused gold to shoot up Rs1,400 to an all-time high at…
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Rupee drops by Rs0.90 against US dollar | The Express Tribune
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[ad_1] KARACHI: Pakistani currency maintained its downturn on the second consecutive working day, as it freshly dropped 0.48% (or Rs0.90) to hit the second lowest historic-level of Rs187.53 against the US dollar in the inter-bank market on Monday. In the past two days, the local currency cumulatively dropped by 1% (or Rs1.84) as compared to…
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Market watch: Falling rupee drags index down | The Express Tribune
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[ad_1] KARACHI: Bears held their ground and dominated trading at the Pakistan Stock Exchange on Monday, as the benchmark KSE-100 index plummeted by 1,448 points after staying in the negative region throughout the day. Dwindling macroeconomic indicators amid continuous fall in the rupee value against the US dollar – which depreciated by around Re1 on…
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Market watch: Stocks plunge on falling rupee | The Express Tribune
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[ad_1] KARACHI: Bears pushed bulls to the sidelines and firmly dominated trading at the Pakistan Stock Exchange on Monday, as the benchmark KSE-100 index plummeted by 1,448 points after staying in the negative zone throughout the day. Weakening macroeconomic indicators amid continuous depreciation of the rupee against the US dollar – which fell by around…
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Rupee sees fresh depreciation | The Express Tribune
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[ad_1] KARACHI: Pakistani currency came under renewed pressure, as it suddenly depreciated 0.5% (around Re1) to a two-week low at Rs186.63 against the US dollar on Friday as no meaningful progress had been made in acquiring fresh bailout packages from the friendly countries. The rupee was seen consolidating around Rs185-186 before Eid holidays on expectations…
