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Tag Archives: US dollar

Rupee continues to lose value against US dollar

KARACHI: US dollar strengthened against Pakistani rupee in inter-bank and open market on the first trading day of trading on Monday. As per details, US dollar strengthened 40 paisa to reach 102.9 in open market and 20 paisa to reach 102.4 in inter-bank market against Pakistani rupee. On last Friday, the US dollar strengthened 35 paisa to reach 102.5 in ... Read More »

Weekly review: Rupee sheds 50 paisa against dollar

LAHORE: The US dollar strengthened 50 paisa and 25 paisa in inter-bank and open markets respectively during the weeklong trading from Monday to Friday, as the deadlock between the negotiators — representing the government and Pakistan Tehreek-e-Insaf (PTI) over the resignation of Prime Minister Nawaz Sharif — continued during weeklong talks. The US dollar strengthened 20 paisa against Pakistani rupee ... Read More »

Rupee continues to lose value, sheds 40 paisas

KARACHI: The US dollar strengthened against Pakistani rupee in inter-bank and open market on last day of trading on Friday. As per details, the US dollar strengthened 35 paisas to reach 102.5 in open market and 40 paisas to reach 102.2 in inter-bank market against Pakistani rupee. On Thursday, however, Pakistani rupee weakened 15 paisas to reach 102.15 in open ... Read More »

US dollar consolidates against Pak rupee

KARACHI: The US dollar strengthened against Pakistani rupee in inter-bank and open market on Thursday. As per details, Pakistani rupee weakened 15 paisas to reach 102.15 in open market and 10 paisas to reach 101.8 in inter-bank against US dollar. On Wednesday, the US dollar weakened 10 paisa in inter-bank and open market to reach 101.7 and 102, respectively against ... Read More »

Rupee up against dollar in inter-bank, open market

KARACHI: The US dollar weakened 10 paisa in inter-bank and open market to reach 101.7 and 102, respectively against rupee. On Tuesday, however, US dollar strengthened 10 paisa in inter-bank market to reach 101.8 and weakened in open market by 15 paisa to reach 102.1 against Pakistani rupee. Financial Analysts were of the view that the market seemed to have ... Read More »

Dollar weak in open market, strong at inter-bank

KARACHI: The US dollar strengthened 10 paisas in inter-bank market to reach 101.8 and weakened in open market by 15 paisas to reach 102.1 against Pakistani rupee on Tuesday. On Monday, however, dollar was sold at Rs 101.7 in interbank market and 102.25 in open market. Pakistani rupee weakened in open market as it shed 20 paisas against dollar on ... Read More »

Dollar gains 20 paisa against rupee in open market

KARACHI: The US dollar sold at Rs 101.7 in interbank market and 102.25 in open market. Pakistani rupee weakened in open market as it shed 20 paisa against dollar on the first day of trading. As per details, US dollar strengthened 20 paisa against rupee in open market to reach 102.25 on Monday. Financial analysts were of the view that ... Read More »

Weekly review: Dollar emerges firm against Pakistani rupee

LAHORE: The US dollar gained 20 paisa in inter-bank and open markets during the weeklong trading from Monday to Friday. As per detail, the value of dollar in inter-bank market was 101.5 on Monday and 101.7 on Friday, while, in open market its value was 101.85 on Monday and 102.05 on Friday, which shows 20 paisa decrease in rupee value ... Read More »

US dollar sheds 50 paisa against rupee

KARACHI: The Pakistani rupee strengthened against the US dollar in inter-bank market as it adds 50 paisa on the last trading day of the week. Although, the US dollar has strengthened 30 paisa against rupee in open market to reach Rs 102.05 in open market, it lost 50 paisa in inter-bank to reach 101.7 on Friday. Economic experts analyzed that ... Read More »

Dollar batters Pak rupee with 10 paisa gain

KARACHI: The Pakistani rupee has further lost its value against US dollar as the market is still confused about the political situation of the country and speculative buying is affecting the real value of the rupee. The US dollar strengthens 10 paisa against rupee in inter-bank market to reach 102.3; however, it sheds 10 paisa in open market to reach ... Read More »

Rupee weakens in inter-bank, open market

The US dollar reaches Rs 102.2 in the inter-bank market on Tuesday as supporters of Pakistan Tehreek-e-Insaf (PTI) Chairman Imran Khan and Pakistan Awami Tehreek (PAT) chief Dr Tahirul Qadri marched towards the Prime Minister’s House, intensifying the situation in Islamabad. On Tuesday, the US dollar gained Re 1 while on Monday, on the first day of trading, rupee strengthened ... Read More »

Weekly roundup: Rupee manages to reverse dollar blows

ISLAMABAD: The sentiments-driven rupee received blows on Monday on the back of what the market gurus called the political turmoil haunting the country’s feeble economy for more than two weeks in the name of Azadi and Inqilab marches led by Imran Khan and Tahirul Qadri. Followers of Khan and Tahirul Qadri have been massed outside Parliament since Aug 15 in ... Read More »

Rupee strengthens 60 paisa against dollar

The US dollar lost 60 paisa against Pakistani rupee on Friday in both inter-bank and open markets despite the business activities have been slowed down amid uncertainty on the political front for the last two weeks. On Thursday, the US dollar gained 75 paisa against Pakistani rupee in open market to reach 102.45 as the rupee could not maintain its ... 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 »

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 »

Dollar reaches Rs103.30 as rupee continues to nosedive

KARACHI: The US dollar gained 63 paisa in the inter-bank currency exchange on Monday, reaching Rs 103.30 mark as uncertainty continues to prevail on the political horizon in the country. The experts blame the current political situation for frailty of rupee and fear that it may further depreciate if the situation did not return to normalcy. Earlier, currency experts had ... Read More »

Arresting rupee value

According to the director of the monetary policy of the State Bank of Pakistan, the recent political confrontation is responsible for devaluation of the Pakistani rupee, which has not only increased inflation, but also jeopardized the smooth supply of daily use items across the country. Talking to journalists on Friday, he says that though the political uncertainty is blamed for ... Read More »

Restart of talks helps rupee to firm value

LAHORE: With the ‘apparent’ signs of improvement in the prevailing political scenario, Pak Rupee managed to sustain its value against US Dollar and other international currencies in currency market. Though no extra ordinary market demand for the US dollar was seen, its rates remained stable. Market players said that emergence of new political situation with restart of dialogue process between ... 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 »

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 »