Tag: #USDollar
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Dollar hike is economic devastation, says PML-N Leader
Shahbaz Sharif, Pakistan Muslim League -Nawaz (PML-N) and Opposition Leader called the alarming rise of the US dollar against the rupee an indication of “economic devastation”, on Saturday. The nearby money on Friday shut once more above Rs175 — close to its record-breaking low against the US dollar. As indicated by an assertion gave by…
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Dollar on the rise once again?
Baaghi TV: In the interbank market, the value of the dollar has risen again, and the value of the dollar has exceeded by approximately 160 rupees. Will Biden be a one-term president? US virus death toll passes 250,000, New York closes schools According to the details, the dollar fell in the interbank market this morning.…
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U.S. dollar to weaken further in 2021 due to unfavorable macro trends: Experts
NEW YORK, Nov 19 (Xinhua/APP):The U.S. dollar is expected to drift lower in 2021 amid anticipated global economic recovery as well as continuous low interest rate and rising deficit in the United States, experts have said. It looks like that the U.S. dollar is topping out and maybe is already in the process of transitioning…
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Decline in the value of the US dollar
The US dollar fell for the third day in a row, falling 28 paise on the interbank market, according to reports. Baaghi TV: On the last day of the business week, the dollar depreciated by 28 paise against the Pakistani rupee to 166 rupees 30 paise. Yesterday, the US currency had depreciated by 18 paise,…
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Rupee Gains 67 Paisas Against the Dollar
The Rupee has Gained 6 Paisas against the US Dollar.
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US Dollar continues to rise
Baaghi TV report: The dollar continues to rise. Today, on the fourth day of the trading week, the dollar traded at Rs 165.90 after gaining 19 paisa. The dollar had gained 84 paisa against the rupee yesterday, after which it closed at 165 paisa to 71 paisa. The SBP’s financial stability review a few days…
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Yuan replaces Dollar as world’s reserve currency: IMF
Lahore, 5th April: The IMF has officially green-lighted the acceptance of China’s currency – the Yuan – into the IMF’s foreign exchange basket. According to Reuters, this move paves the way for the IMF to place the yuan on a par with the US dollar. This is the latest in a series of global developments…