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Tag Archives: US dollar

Rupee depreciates against US dollar

KARACHI: Pakistani rupee Friday witnessed depreciation against US dollar in open market, but gained value in interbank on the last day of trading. According to local currency market, US dollar gained 20 paisa in open market and reached 102.6, however, shed 10 paisa in interbank to reach 102.4. On Thursday, US dollar lost 10 paisa in interbank to reach 102.5 ... Read More »

Rupee further strengthens in interbank

KARACHI: Pakistani rupee Thursday gained 10 paisa against US dollar in interbank and remained steady in open market. According to local currency market, US dollar lost 10 paisa in interbank to reach 102.5 and remained steady in open market to stand at 102.4. On Thursday, US dollar lost 10 paisa both in open market and interbank to reach 102.4 and ... Read More »

Rupee consolidates against US dollar

KARACHI: Pakistani rupee Wednesday maintained its grip against US dollar both in open market and interbank as Karachi Stock Market also witnessed a positive trend on the third day of trading. According to local currency market, US dollar lost 10 paisa each in open market and interbank to reach 102.4 and 102.6 respectively. On Tuesday, US dollar shed 25 paisa ... Read More »

Rupee gains value in open market

KARACHI: Fluctuation was witnessed in value of Pakistani rupee against US dollar as rupee gained value in open market, but dropped in interbank on Tuesday. According to currency market, US dollar shed 25 paisa in open market to reach 102.5, while gained 10 paisa to stand at 102.70. On Monday, rupee showed no change in interbank and kept its value ... Read More »

China covered 12.3pc of world economy in 2013

BEIJING: Chinese economy covered about 12.3 per cent of the total global economy in 2013. As per data showed by the Chinese National Bureau of Statistics, the country’s GDP was 56.9 trillion yuan (9.32 trillion US dollars), while GDP per capita was 41,908 yuan (6,821 US dollars) during the same corresponding period. It is worth mentioning that China, the world’s ... Read More »

Rupee keeps steadier trend

KARACHI: Pakistani rupee kept steadier trend in interbank and further strengthened in open market against US dollar on the first day of trading week on Monday. As per local currency market, rupee showed no change in interbank and kept its value on 102.6, and even gained value in open market as US dollar shed 10 paisa and stand at 102.75. ... Read More »

Weekly review: Rupee steadier trend persists

LAHORE: The US dollar lost 10 paisas in inter-bank and 5 paisas in open market against Pakistani rupee during the weeklong trading from Monday to Friday. As per detail, the value of dollar in inter-bank market was 102.7 on Monday and 102.6 on Friday against rupee, while, in open market its value was 102.9 on Monday and 102.85 on Friday, ... Read More »

Rupee stays stable in interbank, weakens in open market

KARACHI: Pakistani rupee stayed stable against US dollar in interbank, but weakened in open market on the last trading day in the currency market on Friday. According to local currency market, the US dollar gained 5 paisa in open market and reached 102.85 and remained unchanged in interbank on 102.6. On Thursday, the US dollar lost 10 paisa in open ... Read More »

Rupee strengthens in open market

KARACHI: Pakistani rupee Thursday strengthened against the US dollar in open market, while remained firm in interbank. According to local currency market, the US dollar lost 10 paisa in open market and reached 102.8 and remained unchanged in interbank on 102.6. On Wednesday, the US dollar picked up four paisa in open market and reached 102.9 and remained firm in ... Read More »

Australian dollar weakens, pound joins the rally

LONDON: The British pound, to take advantage of weak Australian dollar, has joined other low-yielding major currencies like the US dollar and euro, as the broader Australian dollar exchange rate complex suffers fresh weakness. Sources said that independent foreign exchange providers will be able to deliver up to 5 percent more exchange rate when compared to bank in many instances. ... Read More »

Rupee weakens in open market

KARACHI: Pakistani rupee Wednesday weakened against the US dollar in open market, while remained firm in interbank. According to local currency market, the US dollar picked up four paisa in open market and reached 102.9 and remained firm in interbank on 102.6. On Tuesday, US dollar lost 10 paisa in interbank to reach 102.6 and 5 paisa in open market ... Read More »

Rupee strengthens against US dollar

KARACHI: Pakistani rupee Tuesday strengthened in both interbank and open market against US dollar. According to local currency market, US dollar lost 10 paisa in interbank to reach 102.6 and 5 paisa in open market to reach 102.85. On the first day of trading on Monday, US dollar gained 10 paisa in interbank to reach 102.7 and 5 paisa in ... Read More »

Rupee downs 10 paisa in interbank against US dollar

KARACHI: Pakistani rupee further depreciated in interbank and open market against US dollar on opening day of the trading week. According to local currency market, US dollar gained 10 paisa in interbank to reach 102.7 and 5 paisa in open market to reach 102.9. On the last day of previous trading week, US dollar gained 5 paisa in open market ... Read More »

Weekly review: Rupee firms in inter-bank, weakens in open market

LAHORE: The US dollar lost 20 paisa in inter-bank and gained 5 paisa in open market against Pakistani rupee during the weeklong trading from Monday to Friday. As per detail, the value of dollar in inter-bank market was 102.6 on Monday and 102.4 on Friday against rupee, while, in open market its value was 102.85 on Monday and 102.9 on ... Read More »

US dollar strengthens in open market

KARACHI: Pakistani rupee weakened in open market and remained stable in inter-bank against US dollar on the last working day of the trading week in the local currency market. According to currency market, US dollar gained 5 paisa in open market to reach 102.85 and remained stable with 102.6 in inter-bank. On Thursday, US dollar gained 10 paisa and reach ... Read More »

Pound surges on Scottish ‘No’ vote

LONDON: The pound has hit a two-year high against the euro and a two-week high against the US dollar, as Scotland voted against independence. In early Asian trade, sterling jumped 0.43% to 1.2743 euros. The pound also jumped nearly 0.8% to $1.6525 against the US dollar, before falling back slightly. The FTSE is also expected to open higher. Meanwhile, RBS ... Read More »

Rupee weakens against US dollar in inter-bank trading

KARACHI: Pakistani rupee on Thursday weakened in inter-bank against US dollar and strengthened in open market. According to currency market, US dollar gained 10 paisa and reached 102.6 in inter-bank, while it lost 10 paisa to reach 102.8 in the open market. On Wednesday, the US dollar weakened 20 paisa to reach 102.5 in inter-bank and strengthened 5 paisa to ... Read More »

Dwindling Pak rupee

Pakistani rupee is under pressure again, losing value against US dollar in inter-bank and open markets day by day. Once upon a time, rupee was attached with UK pound and all the payments used to be made in pound sterling, but was shifted to dollar in early 70s. Rupee had never been valueless even during the united Pakistan despite a ... Read More »

Rupee strengthens in inter-bank, weakens in open market

KARACHI: The Pakistani rupee strengthened in inter-bank against US dollar on Wednesday, after many days downtrend in market due to floods and political chaos in the federal capital. As per details, the US dollar weakened 20 paisa to reach 102.5 in inter-bank and strengthened 5 paisa to 102.9 in open market against Pakistani rupee on Wednesday. On Tuesday, the US ... Read More »

Dollar up 30 paisa in inter-bank due to increased demand

KARACHI: The Pakistani rupee weakened in inter-bank and strengthens in open market against US dollar on Tuesday. As per details, US dollar strengthened 30 paisa to reach Rs 102.7 in inter-bank and weakened 5 paisa to reach Rs 102.85 from earlier Rs 102.9 in open market. On Monday, the US dollar strengthened against Pakistani rupee in inter-bank and open market ... Read More »