Tuesday , 20 March 2018

Tag Archives: Rupee

Currency: Rupee remains stable against dollar

KARACHI: The rupee remained stable against the dollar at 104.4/104.6 in the inter-bank market on Friday compared to Thursday’s close of 104.4/104.6. The currency market has fluctuated regularly in recent months with hefty rises and falls on some occasions. In the long run, however, the rupee has stood firm after experiencing extensive volatility, when it weakened from around Rs98 to a ... Read More »

Rupee sinks against dollar a record-high this year

Rupee sinks against dollar a record-high this year

Currency dealers have described the depreciation of the rupee against the dollar as a deliberate attempt by the government to devalue the local currency. The dollar rate in the inter-bank market was around Rs105.5 on Monday. It is learnt that the government was pressurized to devalue the rupee during talks with the International Monetary Fund in Dubai. Source By : ... Read More »