Rupee
-
Rupee makes massive gains in interbank market
.
[ad_1] Money dealers count Pakistani rupees and US dollars at an exchange in Islamabad. — AFP/File KARACHI: The Pakistani rupee on Tuesday further strengthened in the interbank market, a day after making a rich recovery against the dollar following the much-awaited deal with the International Monetary Fund (IMF). The country on Friday secured a $3…
-
Rupee recovers ground against USD, trades for 276 in interbank | The Express Tribune
.
[ad_1] KARACHI: In line with expectations, the new IMF programme strongly defended the Pakistani currency and allowed a significant fightback against the US dollar after it surged by 3.62,%, or Rs10, to Rs276 against the US dollar in the interbank market Tuesday morning. In the open market, the currency also jumped by Rs10 to reach…
-
Gold makes sharp decline as rupee shows recovery
.
[ad_1] An undated image of gold jewellery showcased in a jewellery store. — AFP/File KARACHI: Prices of gold in Pakistan took a massive decline on Monday by falling over Rs8,000 per tola as the rupee made a recovery against the dollar in the open market. The price of gold (24 carats) decreased by Rs8,800 per…
-
‘Positive development’: Experts foresee stability, rupee strengthening post-IMF deal
.
[ad_1] Logo of the IMF. — AFP Pakistan on Friday secured the staff-level agreement (SLA) wit the International Monetary Fund (IMF) on a $3 billion stand-by arrangement, that help the country get out of the default situation and put the economy back on track. IMF’s executive board will meet mid-July to approve the disbursement of…
-
How much will rupee gain if IMF deal is revived?
.
[ad_1] A foreign currency dealer counts US dollars at a shop in Karachi on May 19, 2022. — AFP The government’s moves to meet several demands of the International Monetary Fund (IMF) — through the budget for the fiscal year 2023-24 — have rekindled hopes of the stalled bailout programme’s revival. The nation desperately seeks…
-
Rupee consolidates on back of improved reserves | The Express Tribune
.
[ad_1] ISLAMABAD: The consolidating Pakistani currency on Friday ticked up 0.06%, or Rs0.18, to Rs287.19 against the US dollar in inter-bank market after the country’s foreign exchange reserves improved slightly. In open market, however, the currency dropped 0.67%, or Rs2, to Rs297 against the greenback, according to the Exchange Companies Association of Pakistan. Accordingly, the…
-
Rupee recovers Rs7 vs dollar in open market | The Express Tribune
.
[ad_1] KARACHI: Pakistani currency maintained its losing streak for the third consecutive working day on Tuesday amid mounting debt repayment pressure in June, the last month of current fiscal year. Analysts projected a sharp devaluation of the currency if the expected loan rollover and refinancing was delayed. The currency dropped 0.12%, or Rs0.34, to a…
-
In a U-turn, rupee dives in open market | The Express Tribune
.
[ad_1] KARACHI: Pakistani currency on Monday again took a dramatic U-turn, diving 2.59%, or Rs8, to a four-day low at Rs308 against the US dollar in the open market amid short supply of the greenback on retail counters. In the inter-bank market, the currency dropped to a two-week low at Rs286.19 against the greenback, losing…
-
Rupee strengthens against dollar after credit card settlement directive
.
[ad_1] A representational image of a money exchanger counting dollar bills and a stack of rupee notes is seen in the background. — APP/File KARACHI: The rupee on Thursday gained ground in the open market against the dollar after the State Bank of Pakistan (SBP) allowed commercial banks to buy the greenback at the interbank…
-
Rupee recovers sharply in open-market trade against USD | The Express Tribune
.
[ad_1] KARACHI: Pakistani currency made a remarkable recovery of almost 5.5%, or Rs16, in a single day to a one-week high at Rs295 against the US dollar in the open market at around midday on Thursday. The currency had closed at Rs311 against the greenback on Wednesday, according to the Exchange Companies Association of Pakistan…
