However, 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 Rs 280.7 respectively. The price of the Euro decreased by 1.79 paise to close at Rs 308.40 against the last day’s closing of Rs 310.19, according to the State […]
However, according to the Forex Association of Pakistan (FAP), the buying and selling rates of the dollar in the open market stood at Rs 279.20 and Rs 280.70 respectively. The price of the Euro increased by 18 paise to close at Rs 309.47 against the last day’s closing of Rs 309.29, according to the State […]
The central bank said in a statement it had set an interest rate of 0.25 percent — up from around zero to 0.1 percent — having ditched its maverick negative rate policy aimed at boosting economic growth in March. Its decision, announced after a two-day policy meeting, caused the yen to surge briefly before weakening […]
The Indian rupee closed at 83.7275 against the U.S. dollar, unchanged from its close on Friday, after hitting an all-time low of 83.74 earlier in the session. Factors such as outflows from local equities, volatility in the Chinese yuan, and tepid risk appetite have contributed to weakness in the rupee in recent sessions. The currency […]
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 […]
