Tag: Rupee
Knocked down
Never a dull moment in our country’s political or economic situation. When it is not the season of political intrigues, it is the economy...
Rupee at record low for 3rd consecutive day
The rupee traded at a record low of 90.70 to dollar for the third consecutive trading session on Friday, a private TV channel reported.
In...
Pressure on reserve position, external balance to persist in ’12
Economic experts believe the country’s reserve position and external balance will be key determining factors going into ’12 as fiscal and monetary policies failed...
What else can happen?
The devaluation of rupee has reached 90.00 per dollar. It weakened 4.82 percent in 2011, mainly because of import payments and a bleak outlook...
Pressure on rupee limits market gains
The trading band clearly suggests a lack of investor participation. Rumours of CGT thrown out, but the windfall gain of 200 plus points provided...
Pressure on rupee, foreign outflows knock 69pts off KSE
Pessimistic outlook over external accounts and foreign investor’s continuous exodus kept investors edgy as KSE-100 shed a further 69 points. Even positive news flows...
Rupee under pressure
Not much is pleasant on the economic front. The rupee touching 90 against the dollar on Monday reflects an out of control current account....
Rupee drops by 7 per cent against major currencies
With currency experts foreseeing tough days ahead, Pakistani rupee mainly remained weaker and during current financial year cumulatively depreciated by 0.14 to 7 per...
Weak politics
Indian Rupee has depreciated by over 20 per cent over the last year. We have to depreciate Pak rupee vis-a-vis our competitors. We have...
Higher demand for dollar keeps rupee under pressure
Pakistani rupee continues to remain in negative balance against dollar on the back of a strong demand for greenback on the inter-bank market. As...
Rupee hits record low
The Pakistani rupee was traded at a record low early on Wednesday because of pressure from import payments and a bleak outlook for the...
Rupee depreciation
As rupee continue to plunge into obscurity, things are indeed looking bleak. Obviously the fact that exporters are holding back their export means that...
177pc rise in import bill, rupee to fall against dollar
The Pak rupee is likely to depreciate to a record low of 90 rupees against US dollar by the end of this financial year,...
Rupee depreciation and its repercussions for the auto industry
Depreciation of Pak rupee against all major currencies is one of the major challenges currently being faced by Pakistan’s auto industry. Pakistan Automobile Manufacturers...
Rupee likely to fall another 1.5pc against dollar
The Pakistani rupee rebounded by 80 paisa yesterday after recording a sharp drop in the open market, prompting SBP intervention. However, at the interbank...
Rupee depreciation to push POL prices: Petroleum Minister
As the government’s technocratic finance team remains busy in Washington briefing minions of International Monetary Fund (IMF) about their plans on pursuing revenue and...
Rupee depreciating against foreign currencies: Input cost escalates in auto industry
The Pakistani has come under increasing downward pressure against major international counterparts, driving up input costs substantially over the last two years. This trend...
