Rupee
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Rupee hits 10-week high against US dollar | The Express Tribune
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[ad_1] KARACHI: The Pakistani rupee strengthened to almost Rs281.50 against the US dollar, achieving a 10-week high in the interbank market on Friday. The uptrend continued for the third consecutive working day, with a notable boost in foreign currency inflows contributing to the positive momentum. State Bank of Pakistan (SBP) data revealed a 0.10% increase,…
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Rupee continues upward trajectory | The Express Tribune
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[ad_1] KARACHI: The Pakistani currency continued its upward trajectory, reaching a two-month high at slightly over Rs281.50 against the US dollar in the interbank market on Thursday. This marks the second successive working day of gains, supported by the government’s commitment to crack down on currency smugglers and hoarders. According to the State Bank of…
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Rupee hits over two-month high against dollar | The Express Tribune
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[ad_1] KARACHI: Pakistani currency resumed its uptrend on Wednesday after taking a breather for a day, hitting over two-month high at slightly above Rs281.50 against the US dollar in the inter-bank market. The uptick stemmed from a reduction in demand for the foreign currency and an increase in its supply in the banking network. According…
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Rupee to range between 297 and 321 per dollar by June-end | The Express Tribune
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[ad_1] KARACHI: Pakistani currency is projected to depreciate 5-12% over the next six months to somewhere between Rs297 and Rs321 to a dollar in the inter-bank market by the end of current fiscal year on June 30, 2024. The forecast comes on the back of a potential uptick in demand for the greenback to pay…
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Rupee can plunge to 350 by end of 2024: report
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[ad_1] A foreign currency counts Pakistani rupee notes at a shop in Karachi, on March 2, 2023. — Online The Pakistani rupee can fall to as low as 350 against the dollar by the end of the next year, according to BMI, a Fitch Solutions Company, as it is set to end 2023 as Asia’s…
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‘Ishaq-Dar policy appreciating rupee against dollar’
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[ad_1] Former minance minister Ishaq Dar addresses a press conference in Lahore on June 30, 2023. — AFP ISLAMABAD: Pakistan Muslim League-Nawaz (PML-N) Senator Ishaq Dar said Monday that it was due to the policies he put in place that the rupee had recently gained some ground against the dollar. “I consider the rupee’s depreciation…
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Rupee recovers against USD as PSX crosses 57,000 points | The Express Tribune
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[ad_1] KARACHI: The Pakistan Stock Exchange (PSX) surpassed the milestone of 57,000 points, hitting a new all-time high during early trading hours on Thursday following the staff-level approval by the International Monetary Fund (IMF) for a loan tranche of $700 million. The successful completion of the first IMF review of the domestic economy also helped…
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PSX crosses 56,000 points as rupee continues downward trend | The Express Tribune
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[ad_1] KARACHI: The Pakistan Stock Exchange (PSX) surpassed another milestone of 56,000 points to reach a new all-time high, extending the record-making spree on Monday. At the same time, the Pakistani rupee dropped to a six-week low of Rs288 against the US dollar in the inter-bank market due to an increase in demand for the…
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Rupee shows resistance amid volatile market | The Express Tribune
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[ad_1] KARACHI: The Pakistani currency, in a defiant stance, held its ground near the Rs287 mark against the US dollar in the interbank market on Friday, marking the fourteenth consecutive day of resisting a significant drop. According to State Bank of Pakistan (SBP) data, the local currency experienced a marginal decline of 0.05%, or Rs0.13,…
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PSX touches new heights as rupee continues downward trend | The Express Tribune
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[ad_1] KARACHI: The Pakistan Stock Exchange (PSX) hit a new all-time high and crossed the 55,000 points barrier for the first time in history while the local currency slumped to a five-week low of Rs287.5 against the US dollar in the inter-bank market during morning trading hours on Friday. PSX benchmark KSE-100 Index touched 55,268 points, soaring…
