Surging oil prices, strong dollar may keep rupee under pressure

USA Dollar, International Monetary Fund, State Bank of Pakistan, Afghanistan,

Rupee slipped 0.13 percent (-23 paisas) against the US dollar last week despite recent inflows from the International Monetary Fund. The rupee slipped from 174.48 to 174.71 against the American currency in the interbank market last week after registering a strong recovery in the preceding week. The local unit has appreciated by Rs1.80 during the […]

Bitcoin surges to $49,310 as cryptos rally

The cryptocurrencies rallied on Thursday, with market capitalisation gaining 3.9 percent to reach $2.4 trillion as of 1150 hours GMT. The largest cryptocurrency Bitcoin price went up by 2.10 percent to $49,310. With this increase in price, the market capitalisation of the biggest crypto has reached 932 billion. Ether, the world’s second-largest cryptocurrency by market […]

Bitcoin drops to $53,721 as cryptos tank

The cryptocurrency market plunged on Thursday, with the market capitalisation shedding 7.7 percent to reach $2.55 trillion as of 1210 hours GMT. The largest cryptocurrency Bitcoin tanked by 7.59 percent to reach $53,721. With this decrease in price, the market capitalisation of the biggest cryptocurrency has reached 1.01 trillion. Ether, the world’s second-largest cryptocurrency by […]

Dollar jumps to Rs175.46 as rupee eases by 48 paisas

USA Dollar, International Monetary Fund, State Bank of Pakistan, Afghanistan,

Pakistani rupee struggled against the US dollar on Friday and shed 48 paisas (-o.27 percent) in the interbank market.According to the State Bank of Pakistan, the dollar opened at Rs174.98 and closed at Rs175.46. During the session, the dollar hit as high as Rs176.7 in the intraday trade. Within the open market, the rupee was […]

Dollar slips below Rs175 mark as rupee gains 6 paisas

USA Dollar, International Monetary Fund, State Bank of Pakistan, Afghanistan,

Pakistani rupee stayed firm against the US dollar on Thursday and gained 6 paisas (+o.03 percent) in the interbank market. According to the State Bank of Pakistan, the dollar opened at Rs175.04 and closed at Rs174.98. During the session, the local unit traded within a range of Rs1.15 per dollar showing an intraday high bid […]

Rupee nosedives to all-time low of 172.78 against dollar

USA Dollar, International Monetary Fund, State Bank of Pakistan, Afghanistan,

Pakistani rupee fell to an all-time low of 172.78 against the US dollar on Monday, breaching Thursday’s low of 171.13, amid uncertainty regarding resumption of the International Monetary Fund’s (IMF) $6 billion Extended Fund Facility (EFF). According to the State Bank of Pakistan, the rupee shed Rs1.60 (-0.93 percent) as the US dollar opened at […]

Bitcoin jumps to $61,196 in mixed trade

The cryptocurrency market remained bearish on Sunday, with the market capitalisation shedding 0.4 percent to reach $2.59 trillion as of 1325 hours GMT. Bitcoin, the largest cryptocurrency, continued rallying and jumped 0.90 percent to reach $61,196. With this increase in price, the market capitalisation of the biggest cryptocurrency has reached 1.152 trillion. However, ether (ETH) […]

Rupee depreciates 0.38pc against dollar on weekly basis

Pakistan rupee continued its losing streak against the US dollar during the last week in the interbank market and shed Rs0.65 (-0.38 percent). According to the State Bank of Pakistan, the US dollar opened at Rs170.53 and closed at Rs171.18 on Friday, the last working day of the week. Within the open market, the rupee […]

Rupee recovers 2 paisas against dollar to end four-day losing streak

Pakistani rupee remained firm against the US dollar on Friday after depreciating for four days in a row and recovered two paisas (+0.01 percent). According to the Central Bank of Pakistan, the US dollar opened at Rs171.20. It closed at Rs171.18. Within the open market, the rupee was traded at Rs171/172 per dollar. It is […]

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