Tag: intra day trading
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Pakistani rupee extends losses, nearing Rs219 against dollar
After closing at Rs218.38 on Wednesday, the Pakistani rupee (PKR) dropped further versus the US dollar on Thursday morning during the intraday trade. As of 11:00am, the rupee depreciated by Rs0.61 or 0.27 per cent against the US dollar to Rs218.99 during intraday trading. It is worth noting that the local unit has been witnessing…
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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…