Tag: gain
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Pakistani rupee reverses losses against greenback
After strengthening against the US dollar on Monday, the Pakistani rupee started the new week positively. Discussions between Finance Minister Ishaq Dar and State Bank of Pakistan (SBP) employees and currency traders had positive effects as the local currency increased by Rs1.59, or 0.72 per cent, versus the dollar. In the interbank market, the rupee…
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Intraday trade: PKR resumes downward spiral against US dollar, falls to Rs223
The Pakistani rupee was trading between Rs222-223 on Wednesday as losses against the US dollar persisted in the early hours of trading. During intra-day trading, the rupee was quoted at Rs222.49 at roughly 10:30 am, depreciating by Rs1.07 or 0.48 per cent against the US dollar. The local unit lost for the third session in…