Dollar hit Rs158 in interbank market

Dollar hit Rs158 in interbank market

Despite after receiving the first tranche of $991.4 million from the International Monetary Fund (IMF), the Pakistani rupee on Wednesday further lost its value by 63 paisa and hit Rs158 against the US dollar in the interbank market. The stringent conditions – on which the global moneylender has formally approved...

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Rupee rises against the dollar, moves to Rs150.50 in open market

Rupee rises against the dollar, moves to Rs150.50 in open market

The rupee continued its gradual recovering against the dollar yesterday (Monday),  as the greenback fell by Rs1.16 at interbank to close at Rs149.74. According to sources, Monday was the third straight day that the Pakistani currency recovered at the interbank and open market against the US dollar since it slipped to record...

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Dollar decreases slightly against Rupee

Dollar decreases slightly against Rupee

 Pakistani rupee gained slightly against the dollar today (Wednesday). According to sources, the price of the dollar declined by Rs0.32 to Rs151.60 in the interbank market, while in the open market it decreased by Rs0.50. The rupee reached an all time low of Rs151.92 in the interbank market a day...

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Dollar soars to a record high in inter bank market

Dollar soars to a record high in inter bank market

Dollar has soared to Rs149 in inter bank,  a new record high. According to sources, the greenback gained by another Rs2.48 in the interbank market to reach the latest peak. It is currently being bought for Rs147 in the interbank market. The U.S. dollar reportedly reached Rs147 in the open market, and was...

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Bike prices escalate

Bike prices escalate

KARACHI: Atlas Honda Ltd (AHL) made its third price jump in various two-wheeler models by Rs600-2,000 from Mar 1. The new price of CD70, CD Dream, Pridor 100cc, CG125 and CB150F have been fixed at Rs70,500, Rs74,500, Rs96,500, Rs116,500 and Rs191,900 versus Rs69,900, Rs73,900, Rs95,900, Rs115,900 and Rs189,900, respectively. Yamaha...

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Gold gains as dollar slips

Gold gains as dollar slips

BENGALURU: Gold steadied on Wednesday as the dollar slipped from a two-month peak on hopes of a trade deal between the United States and China, with the metal’s gains capped by rising global stock markets. Spot gold was up 0.1% at $1,311.65 per ounce, as of 1108 GMT, while US...

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Rupee continues to weaken against dollar

Rupee continues to weaken against dollar

KARACHI: The rupee weakened against the dollar at Rs138.85/Rs139.35 in the inter-bank market on Wednesday compared with Tuesday’s close of Rs138.8/Rs139.3, according to forex.pk. Last year in November, the rupee fell to an all-time low at Rs144 against the dollar in intra-day trading before recovering to Rs139.05 in the sixth round...

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Apple dips iPhone prices as rising dollar hurts sales

Apple dips iPhone prices as rising dollar hurts sales

Apple Inc plans to cut the price of some of its flagship iPhones for only the second time in the device’s 12-year history, pegging its retail value to past prices in local currencies outside the United States instead of the rising US dollar. The move is an attempt to stem...

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Gold prices steady

Gold prices steady

BENGALURU: Gold edged lower on Monday as the dollar steadied, but the metal held close to $1,300 as investors adopted a cautious approach while awaiting developments on the US-China trade front and Federal Reserve policy. Spot gold eased 0.2% to $1,300.07 per ounce as of 1318 GMT, having risen earlier...

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Google’s currency converter glitch creates uncertainty

Google’s currency converter glitch creates uncertainty

KARACHI: Google’s online exchange rate converter experienced glitches Tuesday night as it showed incorrect values of various currencies against the Pakistani rupee. In what could have possibly become a major market-wide panic had this happened after the opening bell, the values of the US dollar, euro, the United Arab Emirates (UAE/Emirati) dirham,...

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