KARACHI: The rupee fell 47 paisas to record low at Rs178.98 to the dollar on Monday owing to higher import payments. The exchange rate ended at Rs178.98 to the dollar from last Friday’s closing of Rs178.51 in the interbank foreign exchange market. The dealers said that the political uncertainty and dollar demand for Ramzan related … Read more
KARACHI: The rupee recovered 12 paisas against the dollar on Friday owing to an ease in oil prices in the international markets. The exchange rate ended at Rs178.51 to the dollar from the previous day’s closing of Rs178.63 in the interbank foreign exchange market. The local currency recovered to the current level from the record … Read more
KARACHI: The rupee ended firmer against the dollar on Thursday to remain at the historic low of Rs178.63 in the interbank foreign exchange market. The dealers said that the exchange rate witnessed stability in rupee value owing to sharp reversal in the international oil prices. The benchmark Brent crude slumped 13 per cent a day … Read more
KARACHI: The rupee fell to the historic low at Rs178.61 to the dollar on Tuesday amid a surge in the commodity prices in the international market and rising domestic demand for the holy month of Ramazan. The rupee previously witnessed the all-time low of Rs178.24 on December 29, 2021. The exchange rate ended at Rs178.61 … Read more
KARACHI: The rupee fell sharply by 63 paisas against the dollar on Monday as oil prices touched $140 per barrel in the international market, dealers said. The rupee ended at Rs178.13 to the dollar from last Friday’s closing of Rs177.50 in the interbank foreign exchange market. The local currency is heading towards the all-time value. … Read more
KARACHI: The rupee is likely to remain unstable next week due to high volatile international oil prices and country’s external sector weaknesses. The rupee lost 39 paisas against the dollar during the week (February 28-March 4). The benchmark Brent crude topped $120/barrel during the ongoing week but retreated to $111/barrel on Friday. The reports of … Read more
KARACHI: The rupee fell for the third straight day against the dollar on Thursday as oil prices in the international markets jumped to the 8-years high. The exchange rate recorded 21 paisas decline in the rupee value to close at Rs177.83 to the dollar from previous day’s closing of Rs177.62 in the interbank foreign exchange … Read more
COLOMBO: Sri Lanka’s public transport was crippled on Wednesday as buses ran out of diesel, officials said as the country’s foreign exchange crisis worsened with no dollars to import fuel. The Private Bus Owners’ Association said they were able to operate only about a quarter of their fleet of 20,000 vehicles, while drivers reported queuing for … Read more
KARACHI: The rupee recovered six paisas against the dollar on Tuesday owing to ease in the foreign currency demand for external payments. The exchange rate ended at Rs177.41 to the dollar from the previous day’s closing of Rs177.47 in the interbank foreign exchange market. The dealers said that the market witnessed ease in the dollar … Read more
KARACHI: The rupee is expected to remain under pressure against the dollar next week, owing to the Russian attack on Ukraine and the higher current account deficit. The rupee witnessed a significant decline in the last two days of the week (February 21 to 25), as Russia intensified attacks on the Ukrainian territory. The rupee … Read more
India’s only woman-led unicorn Nykaa made its market debut, tripling founder Falguni Nayar’s net worth and making her the country’s newest self-made billionaire in an ongoing initial public offering (IPO) boom. Nayar, 58, joined only six other Indian women dollar billionaires, as her beauty and fashion retailer Nykaa’s parent company FSN floated on the Mumbai … Read more
KARACHI: The rupee fell 23 paisas against the dollar on Thursday, amid fears of further rise in the international oil prices after Russia attacked Ukraine, dealers said. The exchange rate ended at Rs176.39 against the greenback from the previous day’s closing of Rs176.16 in the interbank foreign exchange market. The dealers said the forex market … Read more
KARACHI: The rupee recovered 7 paisas against the dollar on Wednesday as the international oil prices recorded a decline. The exchange rate ended at Rs176.16 to the dollar, as compared with Rs176.23 the previous day in the interbank foreign exchange market. The dealers said that the declining trend in the global crude oil prices helped … Read more
KARACHI: The rupee recovered 11 paisas against the dollar on Monday owing to an ease in the global oil prices. The exchange rate ended at Rs175.75 to the dollar from last Friday’s closing of Rs175.86 in the interbank foreign exchange market. The dealers said that the reports of possible diplomatic talks on Russia-Ukraine tensions had … Read more
KARACHI: The rupee is expected to remain unstable next week, owing to the uncertainty in the international oil prices and a surge in the domestic demand for imported goods, analysts said. The local currency remained dependent on the movement of international oil prices during the outgoing week. It lost 39 paisas against the dollar during … Read more
KARACHI: The dollar rebounded against the rupee by 47 paisas on Friday owing to weekly demand and high oil prices. The exchange rate ended at Rs175.86 to the dollar from the previous day’s closing of Rs175.39 in the interbank foreign exchange market. The rupee made gains during the past two trading sessions owing to ease … Read more
KARACHI: The rupee declined 31 paisas against the dollar on Tuesday, as international oil prices recorded a further rise, dealers said. The exchange rate ended at Rs175.78 against the greenback, compared with the previous day’s closing of Rs175.47 in the interbank foreign exchange market. The dealers said the upsurge in the international oil prices put … Read more
KARACHI: The rupee fell 76 paisas against the dollar on Monday, owing to a jump in the global oil prices and rising foreign currency demand for import payments, dealers said. The exchange rate ended at Rs175.47 against the dollar from Friday’s closing at Rs174.71 in the interbank foreign exchange market. The dealers said high oil … Read more
KARACHI: The rupee gained 16 paisas against the dollar on Friday, amid demand for the foreign currency for import payments, dealers said. The exchange rate ended at Rs174.71 against the greenback from the previous day’s closing of Rs174.87 in the interbank foreign exchange market. The dealers said the rupee gained due to a fall in … Read more
KARACHI: The rupee gained two paisas against the dollar on Thursday on easing international oil prices, dealers said. The exchange rate ended at Rs174.87 to the dollar from the previous day’s closing of Rs174.89 in the interbank foreign exchange market. The dealers said that the local currency slightly recovered after the international oil prices showed … Read more
KARACHI: The rupee gained three paisas against the dollar on Tuesday, amid a surge in dollar demand for import payments. The exchange rate ended at Rs174.50 to the dollar from the previous day’s closing of Rs174.47 in the interbank foreign exchange market. The dealers said that the dollar demand had climbed up due to the … Read more
KARACHI: The rupee ended firmer against the dollar on Monday, amid foreign currency demand for import payments, dealers said. The exchange rate ended at Rs174.47 against the greenback from last Friday’s closing of Rs174.48 in the interbank foreign exchange market. The dealers said the market witnessed dollar demand for import payments, as the market opened … Read more
KARACHI: The rupee is expected to maintain the upward trend next week, owing to the positive sentiments and flows of the external receipts. The local currency may get support from the transfer of the International Monetary Fund (IMF) tranche and other external payments, besides ease in the demand for import payments. The exchange rate for … Read more
KARACHI: The rupee continued its sharp recovery against the dollar and made a gain of Rs1.04 on Friday. The exchange rate ended at Rs174.48 against the greenback from the previous day’s closing of Rs175.52 in the interbank foreign exchange market. The rupee maintained gaining momentum for the last eight consecutive days since reaching Rs176.98 on … Read more
KARACHI: The rupee made a slight gain of two paisas against the dollar on Wednesday amid high foreign currency demand for import payments. The exchange rate ended at Rs176.41 to the dollar from the previous day’s closing of Rs176.43 in the interbank foreign exchange market. The dealers said that the market had seen dollar demand … Read more
KARACHI: The rupee gained 29 paisas against the dollar on Tuesday owing to external inflows related to Sukuks, dealers said. The exchange rate ended at Rs176.43 to the dollar from the previous day’s closing of Rs176.72 in the interbank foreign exchange market. The dealers said that the market witnessed recovery in the local currency owing … Read more
KARACHI: The rupee recovered five paisas against the dollar on Monday on the expectations of release of the next International Monetary Fund (IMF) tranche, dealers said. The exchange rate ended at Rs176.72 against the dollar from last Friday’s closing of Rs176.77 in the interbank foreign exchange market. The Executive Board of the IMF is scheduled … Read more
WASHINGTON: An official US digital currency could offer potential benefits to American consumers and businesses, but it is not clear they would outweigh the potential risks, the Federal Reserve said. In a long-awaited report on central bank digital currencies (CBDC), the Fed stressed that it is not taking a position nor does the paper signal … Read more
