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Tag Archives: inter-bank market

Rupee hits back, gains 96 paisas against dollar

KARACHI: The US dollar lost 96 paisa in the inter-bank currency exchange on Tuesday, reaching Rs 102.34 mark as rupee strengthened despite the prolonged sit-ins in the capital. On Monday, though, the US dollar gained 63 paisas against Pakistani rupee in inter-bank market and was at 103.30, on Tuesday it lost 96 paisas to stand at 102.34 against rupee. Read More »

Rupee weakens against dollar amid Azadi, Inqlab marches

KARACHI: The call of civil disobedience and sit-ins against government has added to the confusion prevailing in open and intra bank markets. The value of Pakistani rupees has decreased to Rs99.95 in open market against US dollar. Also intra bank rate of dollar touched Rs100.1 with an increase of 6 paisa. Financial analysts said that because of political turmoil and ... Read More »

Stagnant inflow, debt servicing shrink forex reserves

KARACHI: Foreign exchange reserves of the State Bank of Pakistan declined due to external debt servicing and no fresh inflow over the past two months. According to a State Bank report, the reserves held by the bank declined by $89 million to $9.188 billion during the week ended on Aug 8 as against $ 9.277bn in the previous week. Total ... Read More »