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Tag Archives: interbank market

Egypt’s central bank sells $500m in interbank in April

CAIRO: Egypt’s central bank said on Monday it sold $500 million in the interbank market to meet outstanding demand for “strategic staple food commodities” with the approach of the holy month of Ramadan, which begins in mid-June. The bank sold $281 million in the interbank market last month and $420 million in March to meet similar demand for dollars. Read More »

Zimbabwe restarts interbank market worth $200 million

HARARE: Zimbabwe has reintroduced a $200 million interbank market, six years after the facility was abolished. The Reserve Bank of Zimbabwe (RBZ) governor, John Mangudya, said in his 2015 monetary policy statement that resumption of the facility is expected to boost confidence in the financial system. This comes after an injection of $100 million into the central bank by the ... Read More »

Indian rupee remains under pressure vs dollar last week

MUMBAI: The rupee remained mostly under pressure versus the dollar in the open market previous week, but posted quick confrontation in the interbank market. However, it continued to post a powerful performance against the euro. The local currency started the week at the interbank market by losing six paisas for buying and five paisas for selling, which sent the dollar ... Read More »

Rupee rallies against dollar, gains 1.34 points

KARACHI: The US dollar lost Rs 1.34 in the inter-bank currency exchange on Wednesday, reaching Rs 101 mark as rupee strengthened despite the miserable condition of economy amid the recent political turmoil. On Tuesday, the US dollar has lost 96 paisas against Pakistani rupee in inter-bank market and was at 102.34. The rate of US dollar in open market is ... Read More »

Imran, Qadri marches: Rupee continues to lose value against dollar

KARACHI: Pakistani rupee continued to lose value as it plummeted 70 paisas against US dollar in the inter-bank market as later touched the Rs 101.10 mark. Traders and businessmen are worried due to this political standoff because this situation would further curtail the value of local currency against dollar. Analysts reflected that if the current political scenario continued to prevail ... Read More »