Rupee
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Rupee at two-week low against dollar | The Express Tribune
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[ad_1] KARACHI: Pakistani currency has reversed almost all the gains it had achieved against the US dollar in the wake of the new political setup in the parliament, as it has cumulatively lost 3% (Rs5.42) in the past four days to a two-week low of Rs186.92 per dollar in the inter-bank market on Thursday. At…
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Rupee continues to lose steam | The Express Tribune
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[ad_1] KARACHI: The downtrend in the rupee continued on Wednesday as well as the currency fell by Rs1.48 against the US dollar to close at Rs185.92 on the back of uncertainty about the resumption of International Monetary Fund (IMF) loan programme and speculation in the market. According to the State Bank of Pakistan, the rupee…
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Rupee continues to sink | The Express Tribune
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[ad_1] KARACHI: The rupee extended its fall and dropped Rs1.9 against the US dollar in the inter-bank market on Tuesday to close at Rs184.44 primarily due to uncertainty about talks with the International Monetary Fund (IMF). According to the State Bank of Pakistan (SBP), the rupee closed at Rs182.54 on Monday. “Rupee continues to fall…
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Rupee snaps seven-day winning streak | The Express Tribune
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[ad_1] KARACHI: After seven days of modest recovery, the rupee depreciated once again on Monday and shed Rs0.99 against the US dollar in the inter-bank market to close at Rs182.54 owing to the return of speculation in the foreign currency market and uncertainty about the resumption of International Monetary Fund (IMF) loan programme. According to…
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Rupee recovers 1.75 as political noise eases | The Express Tribune
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[ad_1] KARACHI: The rupee staged a sharp recovery on Monday as it appreciated Rs1.75 in the inter-bank market to close at Rs182.93 against the US dollar aided primarily by the easing political noise and the emergence of clarity. Investor speculation ended in the foreign exchange market as the political scene turned stable ahead of the…
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Rupee breaks losing streak, rises Rs3.5 | The Express Tribune
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[ad_1] KARACHI: Pakistani rupee broke a prolonged downward streak and made a sharp recovery in the inter-bank market on Friday as it gained Rs3.5 against the US dollar to close at Rs184.68 following the emergence of some political clarity in the country. According to the State Bank of Pakistan (SBP), the rupee had closed at…
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Rupee falls to Rs189.5 against dollar in inter-bank | The Express Tribune
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[ad_1] KARACHI: The Pakistani currency recorded a sharp drop of Rs3.39 on Thursday and plunged to an all-time low of Rs189.51 against the US dollar in intra-day trading in the inter-bank market owing to political turmoil in the country. The domestic currency had closed at Rs186.13 against the greenback on Wednesday. Sources said that rupee…
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No relief for sinking rupee | The Express Tribune
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[ad_1] KARACHI: There was no respite for the rupee as it lost further ground on Wednesday and fell below the 186 mark in the inter-bank market to close at 186.13 against the US dollar. According to the State Bank of Pakistan (SBP), the Pakistani rupee had closed at Rs185.23 against the greenback on Tuesday. A…
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Rupee fails to sustain Rs185 mark | The Express Tribune
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[ad_1] KARACHI: The Pakistani currency dropped 0.62% (or Rs1.14) to a new historic low beyond the important threshold of Rs185 against the US dollar in the inter-bank market on Tuesday owing to sharp increase in trade deficit and the rumour that the International Monetary Fund (IMF) has placed $6 billion loan programme on hold. The…
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With rupee fall, economy slows | The Express Tribune
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[ad_1] LAHORE: The external sector has started to lose steam. From July to February FY22, the trade deficit remained around $30 billion. Although the growth in merchandise exports was 28%, the import growth of around 49% aggravated the trade deficit. Despite 7.4% growth in remittances, the current account deficit came in at $12 billion. As…
