Rupee Slips as Visa Fee Hike Hits IT Stocks, Markets Close Lower MUMBAI – The Indian rupee closed weaker on Monday, ending at 88.30 against the U.S. dollar, down 0.2 percent. Equity markets also felt the heat, with both the BSE Sensex and Nifty 50 dropping 0.5 percent each. IT stocks led the decline, plunging […]
Gold Slips After Record High, Investors Eye U.S. Inflation Data Gold prices eased slightly on Wednesday after hitting record levels earlier this week, as investors waited for key U.S. inflation figures that could influence Federal Reserve policy. Spot gold was down 0.2% at $3,633.97 per ounce as of 0411 GMT, following Tuesday’s all-time high of […]
Saudi Riyal Falls to Rs75.14, Highlighting Its Importance for Pakistan’s Economy Karachi, Pakistan – The Saudi Riyal (SAR) has seen a decline, with the selling rate adjusting to Rs75.14. Analysts attribute the drop to market corrections and sustained remittance inflows, underscoring the Riyal’s crucial role in Pakistan’s financial landscape. Why the Saudi Riyal Matters The […]
Kuwaiti Dinar Shows Slight Dip After Strong Gains Against Pakistani Rupee Over the past few weeks, the Kuwaiti Dinar (KWD) enjoyed a period of steady growth against the Pakistani Rupee (PKR), climbing from 919.67 PKR on June 10 to a high of 938.23 PKR on July 22. During this stretch, the dinar gradually strengthened, hitting […]
