Tag: PKR
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Pakistani rupee snaps 10-day depreciation streak against US dollar with 0.02% gain
The Pakistani rupee (PKR) finally terminated its ten-session depreciation streak against the US dollar on Friday as the local currency concluded trading at Rs305.47 versus the greenback. The State Bank of Pakistan (SBP) reported a modest appreciation of Re0.07, or 0.02 per cent, when compared to the previous day’s closing rate.
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Petrol price increased to historic high of Rs305.36 per litre
Check out the latest petrol and diesel prices effective from September 1st, 2023.
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SBP likely to hike key policy rate by up to 300 basis points next month
The Monetary Policy Committee (MPC) of the State Bank of Pakistan (SBP) will likely meet at its upcoming meeting to decide on the key policy rate, and the market anticipates a possible rate increase of up to 300 basis points.
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Pakistani rupee ends the day at another record low of Rs305.54 versus US dollar, losing Rs1.09
Pakistani rupee is nearing another historic low in the interbank market on Thursday.
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Pakistani rupee hits new all-time low of Rs304.445 after declining by Rs1.38 against US dollar
In the interbank session held on Wednesday, the Pakistani rupee (PKR) exhibited a decline of 1.39 rupees against the US dollar (USD). The closing exchange rate for the day stood at Rs304.445 per USD, in contrast to the concluding rate of Rs303.052 per USD observed in the preceding session.
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Interbank market: US dollar reaches all-time high against Pakistani rupee, surpassing Rs300 mark
The US dollar reached a new high against the Pakistani rupee, going past Rs300 in the interbank market on Thursday. At 11:15 a.m., it was at Rs300.4 as per the Forex Association of Pakistan. In the open market, it was valued at Rs314.
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Pakistani rupee declines to new historic low of Rs299 per US dollar
On Tuesday, the Pakistani rupee experienced a significant drop, marking a historic low. This depreciation, amounting to 0.6 per cent against the US dollar in the interbank market, was attributed to the relaxation of import restrictions. This policy shift led to increased demand for the dollar.
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Pakistani rupee drops to Rs295 against US dollar
It seems like the Pakistani rupee is headed for a new historic low, as on Wednesday, it dropped further against the US dollar, losing Rs3.42 or 1.17 percent to reach Rs294.95 per dollar.
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US dollar surges against Pakistani rupee for eighth consecutive day in interbank market
At the start of the daily trading session in the interbank market, the American currency gained Rs1.8, reaching a value of Rs289 against the local currency. Over the course of the last eight days, the US dollar has gained Rs12.50 against the rupee in the interbank market.
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Pakistani rupee maintains upward trend for fourth consecutive day, closes at Rs285.15 against dollar
According to the State Bank of Pakistan (SBP), the Pakistani currency has maintained its upward trend against the US dollar for the fourth consecutive working day in the interbank market.