Rupee
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Rupee at new low as losing streak continues | The Express Tribune
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[ad_1] KARACHI: As efforts continued to narrow the gap between exchange rates, Pakistani rupee hit a new all-time low at Rs304.45 against the US dollar in the inter-bank market on Wednesday, stoking fears that inflation would remain at elevated levels and dent economic activities. According to the State Bank of Pakistan’s (SBP) data, the rupee…
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Despite crackdown, rupee touches new low | The Express Tribune
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[ad_1] KARACHI: Despite government’s claim of having launched a crackdown on foreign currency smugglers, Pakistani currency hit a new historic low at Rs303.05 against the US dollar in the inter-bank market on Tuesday, maintaining its record-breaking downward spree for the sixth consecutive working day. The State Bank of Pakistan (SBP) reported that the domestic currency…
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PSX drops by 850 points, rupee continues to slide | The Express Tribune
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[ad_1] KARACHI: The Pakistan stock market slumped on Tuesday along with record rupee depreciation, as domestic capital markets expect a further hike in the key policy rate by the central bank to control rising inflation. Pakistan Stock Exchange’s (PSX) benchmark KSE-100 Index dropped around 1.6%, or 850 points, to 46,625 points at about 2pm on…
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Stocks under pressure over rupee slide | The Express Tribune
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[ad_1] KARACHI: Pakistan Stock Exchange (PSX) landed in a bearish territory as investor pessimism enveloped the market over the latest round of rupee depreciation and a number of other discouraging developments, putting the benchmark KSE-100 index under constant pressure. The trading week commenced on a negative note when it slumped over 700 points following President…
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Bruised rupee further weakens against US dollar
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[ad_1] A person counting 5,000 rupee notes. — AFP/File KARACHI: The Pakistani rupee continued to become weaker on Friday as it ended the week by closing at a record low of 301 against the US dollar in the interbank market. The local currency is at an all-time low following an easing in import restrictions that…
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Rupee falls to all-time low of 300 against dollar
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[ad_1] A currency dealer counts US dollars at a shop in Karachi. — AFP/File The Pakistani rupee plunged to its historic low against the US dollar as it traded at 300.25 in the interbank on Thursday, according to data from the Exchange Companies Association of Pakistan (ECAP). The pressure increased on the local currency as demand…
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Rupee reaches new low after crossing 300 against USD | The Express Tribune
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[ad_1] The Pakistani rupee reached a record low against the US dollar on Thursday after the greenback was traded at Rs300.26 in the interbank market. The open market also saw an increase in the dollar’s value after it gained Rs2 and was being traded at around Rs314/$. The difference between exchange rates in the two…
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Rupee hits historic low as import pressure mounts | The Express Tribune
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[ad_1] KARACHI: Pakistani currency hit a new historic low at Rs299 against the US dollar in the inter-bank market on Tuesday, making imports further expensive and requiring more resources to repay foreign debt. According to State Bank of Pakistan’s (SBP) data, the currency depreciated by 0.63%, or Rs1.88, to Rs299.01 against the greenback. Talking to…
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Rupee slides to all time low of 299 against dollar
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[ad_1] A currency exchange dealer counting $100 bills in this undated picture. — AFP Rupee dropped to an all-time low of 299.01 against the US dollar on Tuesday, depreciating by 0.63% in the interbank market owing to an increase in demand for the greenback due to ease in import restrictions. The local currency fell by…
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Rupee touches all-time low of 299 against USD | The Express Tribune
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[ad_1] KARACHI: The Pakistani currency briefly touched an all-time low at Rs299 against the US dollar in the inter-bank market on Tuesday. The latest dip in the rupee’s value will make imports further expensive and more resources will be required to repay maturing foreign debt. The local currency weakened against the greenback in the wake…
