KARACHI: The rupee lost 8 paisas against dollar on Monday, owing to higher demand for the external payments, dealers said. The exchange rate ended at Rs168.10 against the greenback from last Friday’s closing of Rs168.02 in the interbank foreign exchange market. The currency dealers said the demand for the dollar was seen because the market … Read more
KARACHI: Mounting current account deficit may pose a challenge to the rupee stability in the coming days, despite record inflows of export receipts and workers’ remittances. The local unit depreciated mercilessly against the dollar during the last couple of weeks. The local currency lost around Rs4.78 against the greenback during the first 23 days of … Read more
KARACHI: The Pakistan equity market started the week on a dull note, whereas the overall investors’ sentiment remains weak given the three-day Eid holidays and the rising cases of the Covid-19. Moreover, the interbank rate for the dollar reached the highest level in the last nine months, which also keeps the bulls away from the … Read more
KARACHI: The rupee is expected to make gains next week, owing to substantial inflows of external financing and expected transfers of money from international bond auctions. However, import payments may escalate demand for the foreign currency and depress the rupee value during the next week. The foreign exchange reserves of the country were recorded at … Read more
KARACHI: The rupee lost 15 paisas against the US dollar on Friday, owing to the weekend demand for import and corporate payments, dealers said. The exchange rate closed at Rs156.89 against the dollar from the previous day’s closing of Rs156.74 in the interbank foreign exchange market. Dealers said the demand for the greenback remained high … Read more
