According to the Forex Association of Pakistan (FAP), the buying and selling rates of the dollar in the open market stood at Rs 279 and Rs280.50 respectively. The price of the Euro increased by Rs1.1 to close at Rs 304.94 against the last day’s closing of Rs 302.94, according to the State Bank of Pakistan […]
Brent crude prices fell by 38 cents, or 0.5%, to $84.73 a barrel by 0035 GMT. U.S. West Texas Intermediate crude futures fell 50 cents, or 0.6%, to $82.32 a barrel. Every week, Brent crude was down 0.3% while WTI was trading marginally higher after slipping as much as 0.2% on Friday. The U.S. dollar […]
A stronger greenback makes dollar-denominated commodities less attractive for holders of other currencies. However, both benchmark crude contracts gained about 3% last week on signs of stronger oil product demand in the U.S., the world’s largest consumer, and OPEC+ cuts kept supply in check. U.S. crude inventories fell while gasoline demand rose for the seventh […]
According to the Forex Association of Pakistan (FAP), the buying and selling rates of the Dollar in the open market, however, were Rs 277.75 and Rs 280.5 respectively. The price of the Euro decreased by Rs 3.43 to close at Rs 299.52 against the last day’s closing of Rs 302.95, according to the State Bank […]
Pakistan rupee on Thursday witnessed a devaluation of Rs 09 paisa against the US Dollar in the interbank trading and closed at Rs 278.39 against the previous day’s closing at Rs 278.30. According to the Forex Association of Pakistan (FAP) the buying and selling rates of the Dollar in the open market, however, were Rs […]
The greenback has been bolstered by stronger-than-expected growth data, including retail sales data for March released on Monday. Stickier-than-hoped inflation in particular is seen as making it less likely that the Federal Reserve will begin cutting interest rates in the coming months. “The reality is that you have an expanding economy,” said Juan Perez, director […]
The Indian rupee ended at 83.4250 against the dollar – its lowest closing level on record – down 0.3% from its close at 83.1475 on Thursday. The rupee hit an all-time low of 83.43 near the end of the session and fell 0.7% this week, the steepest decline in seven months. While the weakness in […]
The dollar index, which measures the U.S. currency against six other major currencies, was last down 0.12% at 103.35. It has risen around 2% this year as the U.S. economy has fared better than expected, causing investors to rein in their bets that the Fed will cut rates quickly and deeply in 2024. Markets are […]
The euro was last up 0.2% at $1.0885, building on Thursday’s 0.49% gain, and the pound was up 0.15% at $1.2761, having jumped 0.43% the previous day. That left the dollar index, which tracks the currency against six main peers, at 102.93, down 0.12% on the day and around a one-week low. The index is […]
The rupee weakened on Monday, as the dollar demand from importers and corporates, looking to meet month-end commitments, weighed on the domestic currency, dealers said. In the interbank market, the rupee lost 0.38 percent, or 62 paisas, against the dollar, as it closed at 160.71/dollar, compared with 160.09 on Friday. The rupee ended weaker at […]
