Following are rupee exchange rates against major currencies on 22nd January 2010. Continue reading »
Jan 232010
By Shahid Iqbal
KARACHI: The currency market sees a depressing period ahead for the rupee as the buying spree of dollars is expected to begin with the end of State Bank’s deadline for payment of furnace oil import.
The market has yet not witnessed any bulk buying of dollars by the private sector despite the State Bank’s deadline for import of furnace oil payment approaching closer, but it could start from the second week of February. Continue reading »
KARACHI: The national currency lost heavily against the dollar in the inter-bank market, dealers said on Monday.
The American currency commenced the day’s trading at Rs 79.30 for buying, witnessed a massive gain and closed at Rs 79.60 for buying and Rs 79.65 for selling. Thus, the local currency recorded a loss of 30 paisas. Continue reading »
KARACHI: The national currency recovered some of its strength against the American currency in the inter-bank market, dealers said on Monday.
The rupee gained 10 paisas against the dollar during the day’s trading. The greenback commenced the week’s trading at Rs 78.75 for buying, appreciated and was changing hands at Rs 78.95 for buying and Rs 79.00 for selling at the end of the day’s trading. Continue reading »
Local currency market displayed mixed sentiments amid dull trading this week. The rupee stood firm versus the dollar and euro. Dollar supply improved significantly amid low demand. The inflow of $3.1 billion under the IMF $7.6 billion loan has released pressure on the rupee to some extent. The rupee this week resisted major decline versus the euro and dollar in the inter-bank as well as open market.
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