Tag: Interbank
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Gold prices hit an all-time high of Rs152,000 per tola
On Wednesday, the price of gold in Pakistan rose to an all-time high, reaching Rs152,000 per tola, primarily as a result of increased demand and the weakening of Pakistani rupee (PKR). Just on Wednesday, gold prices increased by Rs2,500. The price per tola has climbed by a total of Rs10,900 since July 1 with the…
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Pakistani rupee plunges to Rs227 against US dollar at midday trading
On Thursday, the rupee’s decline against the US dollar reached an all-time low of Rs227 in the interbank market. Experts blame the losses on political unrest and the fact that the dollar is bolstering against other currencies as well, according to DAWN. On Wednesday, the rupee had a closing value of Rs224.92. According to the…
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Pakistani rupee hits new all-time low of Rs224 against US dollar
Despite the International Monetary Fund’s (IMF) announcement that the multibillion-dollar loan programme would resume, the Pakistani rupee plunged to an all-time low against the US dollar on Tuesday, reaching Rs224 in the interbank market. Today, the local currency continued to lose value against the US dollar and lost another Rs8.80. In the interbank market on…
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Interbank trade: Pakistani rupee falls to all-time low of Rs214.74 against US dollar
As a result of the ruling PML-N’s defeat in the Punjab by-elections, which has caused political turmoil in the nation, the Pakistani rupee (PKR) on Monday fell to an all-time low of Rs214 against the US dollar in interbank trade. Today’s intraday trade saw Rs3.79 depreciation of the local currency against the US dollar. It…
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Pakistani rupee remains volatile as US dollar surpasses Rs211
On Monday, the Pakistani rupee dropped sharply to a record low of over Rs211 against the US dollar in the interbank market, indicating that the currency remains highly volatile. The rupee’s latest devaluation against the US dollar is the result of panic buying by traders in response to reports that some financial institutions were out…
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Pakistani rupee tumbles to Rs200 versus US dollar in the interbank
The lack of clarity on both economic and political fronts worsened the Pakistani rupee’s (PKR) difficulties, as the local currency sank to Rs200 against the US dollar during intraday trading in the interbank market on Thursday, May 19. Pakistani currency officially breached the 200-barrier in the open market on May 18, closing at Rs198.39 after…
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PKR continues losing streak against US dollar, sheds Rs1.48
The Pakistani currency plummeted further against the US Dollar (USD) on April 20, with losses reported on the interbank exchange. At the completion of today’s session, the Pakistani rupee (PKR) lost Rs1.48 versus the US dollar. It declined by 0.80 per cent versus the greenback, closing at Rs185.92, after shedding Rs1.90 in the interbank market…