The Pakistani rupee appreciated against the US dollar in the inter-bank market on Wednesday. At close, the local currency settled at 278.45, a gain of Re0.01 against the greenback. On Tuesday, the local unit closed at 278.46. Moreover, persistent strength in the dollar sent the Japanese yen sliding to the key 160 level on Wednesday, […]
US Dollar
Rupee gains 3 paisa against US dollar
The Rupee on Friday appreciated by 3 paisa against the US Dollar in interbank trading and closed at Rs 278.52 compared to the previous day’s closing of Rs 278.55. According to the Forex Association of Pakistan (FAP), the buying and selling rates of the Dollar in the open market were recorded at Rs 279 and […]
Rupee gains 3 paisa against US dollar
The Rupee on Monday appreciated by 3 paisa against the US Dollar in interbank trading and closed at Rs 278.67 compared to the previous day’s closing of Rs 278.70. According to the Forex Association of Pakistan (FAP), the buying and selling rates of the Dollar in the open market were recorded at Rs 279.10 and […]
IMF assesses financial risks as Iran war uncertainty persists
The International Monetary Fund (IMF) is assessing potential financial risks across countries as uncertainty surrounding the ongoing Iran conflict continues, according to a report published on Wednesday. The institution is reportedly running various scenarios to identify economies that may require fresh financial support if the conflict prolongs. Read More: IMF, Pakistan fail to reach staff-level […]
Rupee records gain against US dollar
The Pakistani rupee registered marginal gain against the US dollar in the inter-bank market on Friday. At close, the local currency settled at 279.31, a gain of Re0.01 against the greenback. On Thursday, the local unit closed at 279.32. Globally, the dollar held gains on Friday and was set for its second weekly gain since […]
Gold dips as strong US dollar and inflation concerns weigh on market
Gold prices fell on Thursday, pressured by a firmer US dollar and fading expectations of near-term interest-rate cuts as rising energy prices fuel inflation concerns. Spot gold was down 0.4% at $5,153.79 per ounce as of 05:45 GMT, while US gold futures for April delivery slipped 0.4% to $5,159.20. The strengthening dollar, up 0.2%, made […]
Gold slides as easing geopolitical tensions and stronger dollar weigh
Gold prices extended losses on Tuesday, pressured by easing geopolitical tensions in Iran and Russia and a stronger U.S. dollar, while investors awaited the release of the Federal Reserve’s January FOMC meeting minutes later this week. Read More: Gold surge reflects deepening global and domestic uncertainty Spot gold fell 0.8% to $4,953.90 per ounce after earlier […]
Dollar rises as Trump signals Fed pick, shutdown fears ease
TOKYO: The U.S. dollar rose on Friday, trimming its weekly losses, after President Donald Trump said he would soon announce his nominee to lead the Federal Reserve and as optimism grew that Washington would avoid a government shutdown. Read More: Dollar weakens amid ‘sell America’ trade, Yen slumps too Trump said he planned to name his […]
Rupee gains 1 paisa against US Dollar
The Rupee on Thursday appreciated by 1 paisa against the US Dollar in interbank trading and closed at Rs 279.80 compared to the previous day’s closing at Rs 279.81. According to the Forex Association of Pakistan (FAP), the buying and selling rates of the Dollar in the open market were recorded at Rs 280.70 and […]
Gold surges past $5,200 as dollar slides to four-year low
Gold extended its blistering rally on Wednesday, surging past the $5,200 mark for the first time, as the US dollar sank to a near four-year low amid growing investor unease over US economic prospects and currency policy. Read More: Gold price tumbles Rs1,500 in Pakistan Spot gold rose 1.1% to $5,243.58 per ounce by 0314 GMT, […]