Tag: PKR
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Intraday update: Pakistani rupee plunges to historic low of Rs290 against dollar amid political turmoil
On Wednesday, the Pakistani rupee (PKR) reached a historic low against the US dollar, falling to Rs290 during intraday trading at the interbank foreign exchange market. This decline is a major setback to Pakistan’s economy, as the rupee lost Rs5.16 in a single day compared to the previous day’s closing rate of Rs284.84.
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Pakistani rupee falls to historic low of Rs288.43 against dollar
On Wednesday, the Pakistani rupee (PKR) reached a new record low, falling to Rs288.43 against the US dollar in the interbank market.
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Pakistani rupee drops by more than Rs18 against US dollar due to delay in IMF deal
Pakistani rupee (PKR) experienced a significant decline of over Rs18.8 against the US dollar in the interbank market during intra-day trade, ahead of the monetary policy review and delay in the International Monetary Fund (IMF) deal. At approximately 11:40 am, the greenback was being traded at Rs285 against the local currency, compared to its previous…
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Gold prices rise on weaker Pakistani rupee and economic outlook
On Tuesday, gold prices rose further to reach a one-week peak achieved last week, supported by a weaker Pakistani rupee. Investors were keeping an eye on upcoming economic developments that could impact the market’s direction. The All-Pakistan Sarafa Gems and Jewellers Association (APSGJA) reported that the price of gold (24 carats) rose by Rs500 per…
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Pakistani rupee breaks winning streak, closes at Rs262.51 against dollar
During Tuesday’s interbank trading, the Pakistani rupee (PKR) declined and experienced losses against the dollar, reaching a low of Rs265 versus the dollar.The rupee lost 63 paisas versus the dollar by the time markets closed, depreciating by 0.24 per cent. The local currency commenced trading at Rs261.50 versus the US dollar with full red value.…
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Petrol, diesel prices expected to increase by more than Rs32 per litre from tomorrow
The prices of petroleum products are expected to increase by more than Rs32 per litre from February 16th, due to fluctuations in the US dollar exchange rate. The current price of petroleum, oil and lubricants is set at Rs236.40 per dollar, which equates to Rs271.82 for the next fortnight. It’s worth noting that free-on-board Platt…
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Pakistani rupee gains Rs1.28 against US dollar, closes at Rs275.30
On Monday, the Pakistani rupee exhibited a slight improvement in its exchange rate against the US dollar, closing with a gain of 0.46 per cent in the inter-bank market. The local currency settled at Rs275.30 per US dollar, an improvement of Rs1.28, according to the State Bank of Pakistan (SBP). During the current fiscal year,…
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Intraday update: Pakistani rupee drops to all-time low of Rs270 against US dollar
According to information provided by the Forex Association of Pakistan (FAP), the Pakistani rupee depreciated by an additional Rs7.4 after falling to a record low last week, trading at Rs270 per dollar in the interbank market at approximately 1:30 pm on Monday. From Friday’s close of Rs262.6, this represents a loss of more than 2.5…
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‘Misleading and incorrect’: OGRA rejects speculations about massive petrol price hike
The Oil and Gas Regulatory Authority (OGRA) on Saturday rubbished rumours about a whooping increase of Rs80 per litre in petrol price. “It has been observed that speculative prices of gasoline and diesel are being reported in the print and electronic media since last evening, which is misleading and incorrect,” an OGRA spokesman said in…
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Intraday update: Pakistani rupee drops to Rs268.30, losing more than Rs12 versus US dollar
Pakistani rupee (PKR) continued its downward trend on Friday, with the rupee declining over Rs12 versus the US dollar in the interbank market. The local currency was trading at Rs268.30, compared to yesterday’s close of Rs255.43 in the interbank market. The dollar has gained Rs30.41 in the interbank market since Thursday as exchange companies removed…