The US dollar extended its gains on Friday, crossing Rs208 in early morning interbank trade, which analysts attribute to a delay in the accord with the International Monetary Fund (IMF) and quickly dwindling foreign exchange reserves. The unfettered dollar appreciation has caused it to rocket to new historic highs, putting huge pressure on the […]
Rupee continue to lose steam against dollar
Rupee continue to lose steam against dollar, crosses 194-mark
On the opening day of the business week, the Pakistani rupee showed resistance as the US dollar reached Rs192.25 from Rs192.53, but the resistance was temporary, as the US dollar will bounce back with an increase of 97 paisas and crossed the Rs193 mark once again. US dollar has yet again set another record against […]