Tag: USD
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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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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’s three-day winning streak ends due to delayed IMF deal
The value of the Pakistani rupee (PKR) decreased 0.45 per cent against the US dollar following a three-day period of gains due to prolonged delays in critical funding from the International Monetary Fund (IMF). During the interbank session held today, the PKR depreciated by Rs1.3 to settle at Rs279.12 per USD, compared to yesterday’s closing…
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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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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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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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IMF mission to visit Pakistan next week to discuss stalled bailout programme
At the end of this month, an IMF delegation will travel to Pakistan to discuss the stalled ninth review of the country’s ongoing funding programme.
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Gold price hits all-time high of Rs195,500 per tola after removal of an unofficial dollar cap
Gold prices in Pakistan continued their record-breaking spree as the price of 24-carat gold reached an all-time high of Rs195,500 after gaining Rs4,900. In addition, the price of 10 grammes also witnessed an increase of Rs4,201 to settle at Rs167,610, according to the All-Pakistan Sarafa Gems and Jewellers Association (APSGJA). Moreover, the bullion rate in…
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Pakistani rupee witnesses biggest single-day decline against dollar in more than two decades
Pakistani rupee dropped significantly against the US dollar in the interbank market on Thursday, as it fell more than 9 per cent during the intraday trade. Around 1:30 PM, the dollar’s intraday quote was Rs254.75, which represents a depreciation of Rs23.86. According to Ismail Iqbal Securities, “This is the largest single-day decline in both absolute…