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, […]
Following are rupee exchange rates against major currencies on 22nd January 2010.
Following is the chart of rupee exchange rates against US dollar. It is interesting to see that between 2001 and 2007, the exchange rate remained almost the same but with the start of rise in oil prices and lawyers movement in Pakistan, the rupee totally collapsed. In my personnel opinion, the […]
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 […]
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 […]
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 […]