Tag: Rupee

Rein in gold import to bridle rising dollar, forex traders tell...

Economic managers rushed to the commercial hub of the country to ascertain the causes of Friday’s devaluation of the rupee against the dollar which...

KCCI president warns of rupee’s depreciation’s detrimental effects on economy

Karachi Chamber of Commerce and Industry President Muhammad Haroon Agar on Friday expressed his deepest concerns over the recurring devaluation of the Rupee against...

Hajj gets expensive due to dollar hike

Hajj this year would cost approximately Rs 63,000 more as compared to last year due to increase in the rupee-dollar parity and enhanced air...

Pakistani stocks plunge over 300 points, rupee weakens

Pakistani stocks closed lower on Wednesday amid concerns over political stability and weaker interest in energy stocks, dealers said. The Karachi Stock Exchange’s (KSE) benchmark...

Rupee falls to yet another historic low

The beleaguered rupee fell to yet another record low on Monday amid consistent demand for the US dollar both in the inter bank and...

Rupee sinks to record low against dollar

The Pakistani rupee sank to an all-time low against the dollar Friday on high oil prices and forex reserve fears as the country repaid...

ICCI Urges SBP to reduce markup rate in upcoming monetary policy

Islamabad Chamber of Commerce and Industry (ICCI) has urged the State Bank of Pakistan(SBP) to reduce markup rate by 150 to 200 basis points...

Rupee depreciation puts textile industry in hot waters

The current rupee depreciation against the dollar is expected to bode well for the margins for local textile manufacturers during the outgoing FY12, observed...

Dollar hits Rs 96

Rupee continues to slip in the market against dollar owing to crippling economy as dollar hits 96 rupees today in open market, according to...

India heading towards worst economic crisis: experts

The sharp drop in Indian rupee against dollar has triggered concern among the experts who say its continued fall could pose some major challenges...

Dollar hits Rs 94 in the Inter-bank Market

The reeling rupee has yet again hit a record all time low against US dollar in the inter-bank market. US dollar reached as high as...

US dollar reaches new height

The reeling rupee has yet again hit a record all time low against US dollar in the open market. US dollar reached as high as...

Rupee freefall hits fresh low

Pakistani rupee fell to a new low against the dollar on Tuesday as loan repayments this week and impending oil payments continued to put...

Rising from the dead?

The Pakistani rupee has been supported by remittances, which rose 20.2 percent to $10.88 billion in the first 10 months of the current fiscal...

Rupee strengthens; o/n rates down

In the currency market, the Pakistani rupee ended stronger at 90.90/95 to the dollar, compared with Monday’s close of 91.02/06. The rupee has been supported...

Going, going, gone…

Pakistani rupee hit a record low as it was traded at 91.35 to the dollar in the open market on Monday. Pakistan Rupees rate was...

Dollar reserves slide to $16.901b

The politically-embattled government has started feeling the heat as the country’s dollar reserves continue their southward journey. Prime Minister Yousuf Raza Gillani is reported...