Tag: Federal Reserve
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Pakistani rupee gains 20 paisa against US dollar
In the latest market developments, the Pakistani rupee (PKR) has demonstrated resilience against the US dollar, marking its fifth consecutive session of gains in the interbank market.
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Pakistani rupee appreciates 0.02% against US dollar to close at Rs283.21
In a continuing upward trend, the Pakistani rupee demonstrated resilience in the inter-bank market by securing gains against the US dollar for the fifth consecutive session, appreciating by 0.02 per cent on Monday.
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Gold price in Pakistan increases to Rs218,600 per tola
Gold prices in Pakistan experienced a marginal uptick on Friday, with the value of 24-karat gold climbing by Rs300 per tola.
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PKR gains ground against US dollar, closes at Rs283.26
The Pakistani rupee (PKR) continued its positive trajectory against the US dollar (USD) for the fourth consecutive session, appreciating by 0.09 per cent in the inter-bank market on Friday.
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Interbank closing: Pakistani rupee gains 10 paisa against US dollar
The Pakistani rupee (PKR) demonstrated resilience for the third consecutive session against the US dollar (USD), marking a 0.04 per cent appreciation in the interbank market on Thursday, according to the State Bank of Pakistan (SBP).
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Gold price increases to Rs213,100 per tola
The gold price in Pakistan witnessed an increase on Friday, with the cost of 24-karat gold rising by Rs1,300 per tola, settling at Rs213,100 in today’s session. The Karachi Sarafa Association reported that the closing price for 10 grammes of 24-karat gold was Rs 182,698, indicating a loss of Rs1,114.Meanwhile, 10 grammes of 22-karat gold…
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US sees strongest job growth in eight months, raising rate hike possibility
In September, the United States experienced a significant increase in employment, marking the most substantial growth in eight months. This surge in hiring was widespread, indicating a persistent strength in the labour market. This development potentially provides the Federal Reserve with the rationale to consider raising interest rates once again, although it’s worth noting that…
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Pakistani rupee gains value, now at Rs292.78 per US dollar
The Pakistani rupee’s ascent against the US dollar persisted for the 12th consecutive session in the inter-bank market on Thursday, registering a 0.38 per cent gain.
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IMF loan delay continues to impact Pakistani rupee
During trading on Wednesday, the Pakistani rupee experienced a slight decrease against the US dollar, with a depreciation of almost 0.06 per cent in the inter-bank market. At around 12:45 pm, the currency was being traded at 284.06, which is a decline of Re0.16.
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Pakistani rupee drops to Rs287.09 versus US dollar
In Monday’s interbank market, the Pakistani rupee experienced a substantial decrease against the US dollar. The State Bank of Pakistan (SBP) reported that the local currency closed at Rs287.09, down by Rs2.44 or 0.85 per cent. Last week, the rupee had already depreciated by 0.3 per cent, closing at Rs284.65. During the week, the currency…