The Rupee on Wednesday appreciated by 1 paisa against the US Dollar in interbank trading and closed at Rs 280.66 compared to the previous day’s closing of Rs 280.67. According to the Forex Association of Pakistan (FAP), the buying and selling rates of the Dollar in the open market were recorded at Rs 281.65 and […]
US Dollar
Rupee remains unchanged to close at 280.77 against dollar
The Rupee on Wednesday remained unchanged against the US Dollar in interbank trading and closed at Rs 280.77 compared to the previous day’s closing of Rs 280.77. According to the Forex Association of Pakistan (FAP), the buying and selling rates of the Dollar in the open market were recorded at Rs 281.65 and Rs 281.85, […]
Rupee gains three paisa against dollar
The Rupee on Tuesday appreciated by 3 paisa against the US Dollar in interbank trading and closed at Rs 280.77 compared to the previous day’s closing of Rs 280.80. According to the Forex Association of Pakistan (FAP), the buying and selling rates of the Dollar in the open market were recorded at Rs 281.6 and […]
Rupee gains 2 paisa against US dollar in interbank trading
The Rupee on Monday appreciated by 2 paisa against the US Dollar in interbank trading and closed at Rs 280.80 compared to the previous day’s closing of Rs 280.82. According to the Forex Association of Pakistan (FAP), the buying and selling rates of the Dollar in the open market were recorded at Rs 281.75 and […]
Dollar steadies as hopes of US government reopening ease growth concerns
SINGAPORE – The U.S. dollar held steady in early Asian trading on Monday, supported by signs that Congress may be moving closer to a deal to reopen the federal government, even as weak economic data revived global growth concerns. The dollar index, which measures the greenback against six major currencies, rose 0.2% to 99.740, ending […]
Dollar retreats as investors bet on Fed rate cut
SINGAPORE: The U.S. dollar weakened in early Asian trading on Friday, reversing gains made earlier this month as investors turned cautious amid a lack of official U.S. labor market data. The dollar index, which tracks the greenback against six major currencies, fell 0.5% to 99.674. With the U.S. government shutdown delaying the release of the […]
Gold prices fall by Rs1,000 per tola in Pakistan amid global decline
KARACHI– Gold prices in Pakistan continued their downward trend on Wednesday, mirroring declines in the global bullion market. In the international market, gold prices dropped by $10 per ounce, settling at $3,970. The impact was immediately reflected in the domestic market, where the price of gold per tola decreased by Rs1,000, reaching Rs419,362, while the […]
Crude oil prices edged lower on Wednesday
BEIJING – Oil prices dropped slightly on Wednesday as global markets slumped and the US dollar strengthened, while traders evaluated the outlook for supply amid new OPEC+ production adjustments. Brent crude futures fell by 6 cents, or 0.09%, to $64.38 a barrel by 0706 GMT, after hitting a near two-week low in the previous session. US […]
US dollar steady ahead of inflation data
SINGAPORE – The US dollar held firm on Friday, heading for a modest weekly gain as investors awaited delayed US inflation data and anticipated that the Federal Reserve would proceed with an interest rate cut next week. The dollar index stood at 98.92, on track for a 0.37% weekly rise, while the euro and sterling […]
Asian Markets Wobble as Wall Street Slips and Commodities Pause Rally
SINGAPORE – Asian stocks limped into Friday’s session on uncertain footing, as declines on Wall Street rippled across global markets and commodity prices eased after a powerful rally. Despite the day’s caution, regional equities remain poised for one of their best years in a decade, outperforming US markets as President Donald Trump’s economic and tariff […]