KARACHI: The rupee fell to a record low of Rs178.04 against the dollar at the interbank foreign exchange market on Friday, dealers said. The demand for the dollars for import and corporate payments remained high during the day, they said. The exchange rate recorded a decline of six paisas against the greenback from the previous … Read more
KARACHI: The monetary policy announcement scheduled for next week may end the volatility in the rupee value. The State Bank of Pakistan (SBP) is scheduled to announce the monetary policy statement on December 14, 2021. The Monetary Policy Committee will take all the current economic indicators into consideration, while making the decision. One of the … Read more
KARACHI: The deterioration in the rupee value continued on Friday, as the dollar hit another high of Rs177.71 in the interbank foreign exchange market, dealers said. The exchange rate witnessed a 10 paisas decline in the rupee value to end at Rs177.71 against the dollar from the last day’s closing of Rs177.61, the previous record … Read more
KARACHI: No letup was witnessed in the rupee free-fall, as the dollar jumped to new record high of Rs177.61 on Thursday in the interbank foreign exchange market, dealers said. They said the rupee deteriorated due to the expected large deficit of the current account and rising dollar demand for import payments. The exchange rate witnessed … Read more
KARACHI: The dollar recorded another high of Rs177.43 against the rupee at the closing of interbank foreign exchange market on Wednesday. The large import bill remained a major threat to the rupee stability, currency dealers said. The exchange rate witnessed a loss of 64 paisas in the rupee value against the dollar from the previous … Read more
KARACHI: The Pakistani rupee plunged to a historic low, as the dollar crossed Rs177 at midday in the interbank exchange market on Wednesday. The local currency declined 56 paisas against the greenback, which is being traded at the historic high of Rs177.35 at midday. The exchange market closed at the historic low of Rs176.79 on … Read more
KARACHI: The rupee rebounded on Tuesday and gained 48 paisas against the dollar in the interbank foreign exchange market, dealers said. The exchange rate ended at Rs175.72, compared with Rs176.20 against the dollar on the previous day in the interbank foreign exchange market. The local currency strengthened after the State Bank of Pakistan (SBP) and … Read more
KARACHI: The planned inflows under the Saudi assistance package next week may help ease rupee volatility. According to the government authorities, the Saudi support of $3 billion would be transferred directly to the State Bank of Pakistan (SBP) next week. Saudi Arabia on October 26, 2021 announced to support Pakistan in managing its balance of … Read more
KARACHI: The rupee gained 46 paisas against the dollar on Monday, amid a highly volatile trading session, dealers said. The exchange rate ended at Rs174.77 against the dollar, compared with Rs175.23 in the interbank foreign exchange market. The dealers said the market opened with a sharp rise in the rupee value; following the monetary policy … Read more
KARACHI: The dollar rebounded and gained 91 paisas to close at Rs174.67 on Thursday in the interbank foreign exchange market, dealers said. The foreign currency breaks the three-day gaining streak of the rupee after a statement issued by the adviser to the prime minister on finance regarding the International Monetary Fund (IMF) conditions to continue … Read more
KARACHI: The rupee weakened 17 paisas against the dollar on Thursday, as international oil prices made gains a day ago. The exchange rate ended at Rs159.30 against the greenback, compared with the previous day’s closing of Rs159.13 in the interbank foreign exchange market. The currency dealers said the rise in the international oil prices on … Read more
