LONDON/SHANGHAI: Gold eased on Wednesday in thin trade ahead of the New Year break, as oil prices softened and the dollar ticked up against the euro. But the precious metal is set to be one of the only commodities to post a gain year-on-year, supported by interest in bullion as a haven from risk. Read More »Gold set to gain in 2008, other metals fall
Rupee Exchange Rates
Pakistan rupee exchange rates
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?
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
By Faryal Najeeb
KARACHI: Gold gained Rs540 to Rs20,314 per ten grams on Friday despite international bullion rates staying weaker after news that a $14 billion plan to bail out ailing US carmakers had failed, which sparked the selling of equities and commodities.Read More »Gold up by Pakistan Rs540 per 10 grams
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
Rupee gains on hopes of dollars’ inflow
Rising hopes for inflow of foreign exchange changed the exchange market sentiments and reduced speculations which strengthened the rupee significantly against the dollar on Monday.
Read More »Pakistan Rupee & gold rates-17-Nov-2008