Currency

US dollar hits double century to breach Rs200-threshold in interbank

With the uncertainty over the revival of the International Monetary Fund (IMF) loan programme amid increasing political pressure on the government to announce snap polls, the Pakistani rupee slumped to a new historic low in the interbank market. With a fresh decline of Rs1.61, or 0.81%, the local currency closed at Rs200 against the greenback...

Dollar scales new peak against rupee

In the face of rising geopolitical tensions, the rupee fell to an all-time low against the US dollar in the interbank market on Tuesday, reaching Rs179.22. Despite declining oil prices on the international market, currency traders indicated demand for greenbacks was robust. On Tuesday, the dollar gained up to 25 paisas versus the rupee. The...

Rupee once again rises versus the US currency

According to dealers, the rupee rose slightly versus the dollar on Monday, aided by importers' weak demand for the greenback. On Monday, the local currency gained 0.06 per cent to settle at Rs175.75 in the inter bank market. According to statistics issued by the central bank, the Pakistani rupee has depreciated by 11.55 percent (or Rs18.21)...