The United States dollar surged to a 20-year high against a basket of currencies on Monday after Federal Reserve Chair Jerome Powell signalled interest rates would be kept higher for longer to bring down soaring inflation. The dollar index scaled to a fresh two-decade peak of 109.44 in the Asia trade, with greenback strength pushing […]
Dollar trading
Today’s rate of US dollar against rupee
Today’s rate of US dollar has increased in interbank trading as it continues to hold its ground against the Pakistani rupee and has maintained its upward trend. The value of the greenback appreciated by Rs1.09 against the Pakistani rupee on Tuesday. According to dealers in the forex market, the Pakistani rupee depreciated by Rs1.09 in […]
Dollar plunges record high against rupee, touches Rs239.9 in interbank
The US dollar’s upward trend persisted unabatedly on Thursday, as the greenback traded at Rs239.9 per rupee as the government failed to appease importers concerned about the country’s dollar inflow. After the election of CM Punjab Parvez Elahi, the dollar continued to rise in value amid political unpredictability regarding the federal government’s future and the […]