Rupee
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Rupee maintains bullish trend as dollar drops below 290 level
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[ad_1] A foreign currency dealer counts US dollars at a shop in Karachi on May 19, 2022. — AFP The Pakistani rupee continued its upward trajectory for the 16th consecutive session on Tuesday, hammering the US dollar below the Rs290 mark in the interbank market. The greenback lost Rs1.06 against the rupee in the interbank…
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Rupee continues its rising streak for 15th straight session
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[ad_1] A currency dealer can be seen counting $100 notes while Rs5,000 notes are placed on the table. — AFP/File The Pakistani rupee maintained its upward trajectory against the US dollar for the 15th consecutive session on Monday. The local unit gained Re0.9 against the greenback in the interbank market today. The PKR closed at…
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Rupee surges Rs1.04 against US dollar as recovery continues | The Express Tribune
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[ad_1] ISLAMABAD: Pakistani rupee on Tuesday witnessed the 11th consecutive recovery session as it gained Rs1.04 against the US dollar in the interbank trading and closed at Rs 294.90 against the previous day’s closing of Rs 295.94. The recovery of the Pakistani rupee comes on the back of strong support from administrative measures like a…
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Anti-smuggling drive lifts rupee further | The Express Tribune
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[ad_1] KARACHI: Pakistani currency continued to strengthen for the ninth consecutive working day on Monday, on the back of strong support from administrative measures like a crackdown on currency smugglers and hoarders, which increased supply of foreign currencies in the banking system. According to the State Bank of Pakistan’s (SBP) data, the currency hit a…
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Gold continues to lose value in Pakistan as rupee appreciates
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[ad_1] Price of gold in the international market increases by $7 to $1,926 from $1,919. — AFP/File ISLAMABAD: As the rupee gained ground against the US dollar the per tola price of 24 karat gold declined by Rs2,600 and was sold at Rs209,400 on Monday compared to the Rs212,000 close it did last week. The…
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Rupee continues to make gains against dollar
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[ad_1] A dealer collect US dollars at a money exchange market in Karachi on January 26, 2023. — AFP KARACHI: The Pakistan rupee posted massive gains against the dollar on Monday in the open market in line with the government’s decision to launch a crackdown against currency smugglers, hoarders and black marketers. The greenback was…
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Rupee crosses 307 on dollar scarcity | The Express Tribune
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[ad_1] KARACHI: The absence of US dollar inflows has kept on hitting Pakistani currency hard, sending it to a new historic low above Rs307 to the greenback in the inter-bank market on Tuesday. According to the State Bank of Pakistan (SBP), the rupee dropped 0.48%, or Rs1.46, to the all-time low at Rs307.10 against the…
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Time for caretakers to take care of rupee | The Express Tribune
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[ad_1] KARACHI: Enough is said about the consequences of Rs50 drop in the currency’s open market value in less than two months from Rs280 to Rs330 against king dollar. While a hurriedly conducted press conference was more of a message to the IMF about adhering to the plan, the nation is again undergoing tremendous amount…
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New low: Rupee down by Rs5 | The Express Tribune
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[ad_1] KARACHI: Amid little availability of US dollars owing to liberalised demand, Pakistani currency slumped 1.5%, or Rs5, in a day to a new all-time low at Rs328 against the greenback in the open market, mounting pressure on inter-bank trade. In inter-bank dealings, the rupee snapped its record-breaking downward streak after eight consecutive days of…
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PSX crashes as rupee continues to struggle against USD | The Express Tribune
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[ad_1] KARACHI: The Pakistan stock market crashed on Thursday while the rupee also maintained its downturn amid rising concerns related to stagflation and a deepening economic crisis. Pakistan Stock Exchange’s (PSX) benchmark KSE-100 Index dropped by over 1,750 points or almost 3.8%, slipping well below 44,500 points. Speaking to The Express Tribune, Topline Securities CEO…
