The greenback closes lowest in year against Pakistani rupee as local currency appreciates 0.27pc locking the interbank rates until next week
The United States Dollar (USD) registered a decline against the Pakistani Rupee (PKR) on Thursday with a decrease of Rs0.16 in value in the interbank market
The United States Dollar (USD) registered a decline against the Pakistani Rupee (PKR) on Thursday with a decrease of Rs0.23 in value in the interbank market
KARACHI: The rupee strengthened against the US dollar at Rs121.45/121.65 in the inter-bank market on Friday compared with Thursday’s close of Rs121.6/121.8. With reference to the past week, rupee value is on the verge of continuous depreciation. However, Pakistani currency weakened further by 3.65% in its third round of rupee depreciation last week. Since December, the rupee has cumulatively shed close to 13% of its value after the central bank reportedly abstained from intervening in response to the pressure due to a…
KARACHI: The KSE-100 Index plunge 728 points in intra-day trading before making some recovery due to continuous depreciation of rupee. The benchmark index was on a steady decline throughout the day as stocks faced across-the-board selling pressure. It is suspected that Pakistan name will be placed on grey list by the Financial Action Task Force (FATF) next week, for failure to restrain terrorism financing which has also made the investors edgy. The main reason behind such situation is grave foreign selling, which is…
BEIJING: Speculators should not be allowed to dominate market sentiment regarding China's foreign exchange reserves and it was quite normal for reserves to fall as well as rise, central bank governor Zhou Xiaochuan was quoted as saying on Saturday.