KARACHI: Dollar dipped against rupee in money market on Tuesday, it was traded at lowest rate of Rs 102.75 in inter bank.
According to the data provide by the Forex Association of Pakistan, dollar traded at lowest rate of Rs 102.75 and highest rate of Rs 102.85 in inter bank wile it was traded at minimum rate of Rs 102.40 and maximum rate of Rs 102.60 in cash free market.
Published in The Banker Pakistan, September 17th, 2014.
The rupee is expected to stay in the range of 104.65/75 against the dollar during the next week due to adequate dollar inflows to meet the market demand, analysts said. “The Hajj related dollar buying could put some pressure on the exchange rate, but such outflows are largely covered,” said a currency analyst. By and […]
The rupee was little changed on Thursday as some dollar selling by exporters helped the local currency to remain steady, dealers said. The rupee quoted at 104.66 against the dollar, up two paisas compared with Wednesday’s close of 104.68 in the interbank market. At the start of the trade, the market witnessed some movement, sending […]
IN THE local currency market, the rupee continued to show divergent trends against the dollar and euro last week. Analysts say there is pressure on the rupee. Over the past seven months, both exports and workers’ remittances have reportedly declined and some analysts foresee 4pc devaluation against the dollar in the months ahead. In 2016 […]
In the local currency market, the rupee showed a divergent trend versus the dollar and euro last week. Minor changes were witnessed in the rupee/dollar parity on the interbank market where the rupee moved both ways amid escalating dollar demand and hovered in narrow ranges between the low of Rs104.85/87 and the high of Rs104.84/85. […]