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Rupee Exchange Rates

Pakistan rupee exchange rates

Another roller coaster ride for exchange rates in ’09?

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By Kenneth Rogoff

CAMBRIDGE: Year 2008 has been an exceptionally tumultuous year for exchange rates. The American dollar soared, the Japanese yen went into orbit, the euro fell to earth, and the British pound crashed, leaving a giant crater. Emerging-market currencies were hammered, as were ‘commodity currencies’ such as the Canadian, Australian, and New Zealand dollars, and the South African rand. Indeed, the currency of any country that is significantly dependent on commodity exports has suffered.Read More »Another roller coaster ride for exchange rates in ’09?

Rupee regains strength vs dollar-22nd December 2008

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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. Read More »Rupee regains strength vs dollar-22nd December 2008

Pakistan rupee inches up against dollar

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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.
Read More »Pakistan rupee inches up against dollar