Rupee back to winning ways, settles at 261.9 against US dollar
[ The Pakistani rupee was back to winning ways against the US dollar, as the currency settled with a gain of 0.23% in the inter-bank market on Wednesday. As per the State Bank of Pakistan (SBP), the currency closed at 261.90 against the US dollar, an increase of Re0.61. Despite the gain, the currency has […]
Rupee maintains momentum, settles at 261.90 against US dollar
[ The Pakistani rupee witnessed a positive momentum against the US dollar, as the currency settled with a gain of 0.23% in the inter-bank market on Wednesday. As per the State Bank of Pakistan (SBP), the currency closed at 261.90 against the US dollar, an increase of Re0.61. Despite the gain, the currency has depreciated […]
Dollar hovers near six-week high as economies strengthen
[ LONDON/SINGAPORE: The dollar was little changed on Wednesday, continuing to trade near six-week highs on the back of strong economic data. Survey data released on Tuesday showed US business activity unexpectedly rebounded in February to reach its highest in eight months. In the euro zone, a survey-based gauge of activity also surged, hitting a […]
Intra-day update: rupee registers gain against US dollar
The Pakistani rupee registered a gain against the US dollar, appreciating 0.41% in the inter-bank market during the opening hours of trading on Wednesday. At around 10:30am, the currency was being quoted at 261.45, an increase of Rs1.06, against the US dollar. The Pakistani rupee’s five-session positive run came to an end against the US […]