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Rupee Exchange Rates

Pakistan rupee exchange rates

Pakistan rupee sinks below 100 mark against dollar

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KARACHI: The Pakistani rupee on Monday sank to an all-time low against the US dollar over forex reserve fears as the country repaid $146 million to the International Monetary Fund.

The rupee fell to 100.1 to the greenback in trading in Karachi, down from 99.30 on the open market Friday, and has now lost 39 percent of its value against the US currency since March 2008.

“We have traded the dollar at Rs 100.1, although there is a slight difference on the open market,” said currency dealer Mohammad Arshad.

The official inter-bank rate for the dollar is Rs 98, but Mohammad Sohail, who heads brokerage firm Topline Securities, confirmed it had crossed 100 on the open market.

Pakistan had a $10.7 billion IMF loan until September, but had drawn only about a third of it. The government has indicated it would not seek a new loan.Read More »Pakistan rupee sinks below 100 mark against dollar

Rupee hits record low at Rs 90 to US dollar on 21st December 2011

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KARACHI: The Pakistani rupee traded at a record low on Wednesday hurt by import payments and a bleak economic outlook for the country.

According to the interbank rate, the rupee was trading at Rs 90 to a US dollar.

Tuesday, 20th December

The dollar recorded growth against the rupee in the interbank market, dealers said Tuesday. It initiated the day’s trading at Rs 89.8 for buying, Read More »Rupee hits record low at Rs 90 to US dollar on 21st December 2011