Tag Archives: dollar


Dollar back foot US service Survey survey fans recession worries

Dollar on back foot after US service sector survey fans recession worries

10 October, 2019 8:50 am 8:50 am

TOKYO (Reuters) – The dollar stepped back on Friday after a soft US service sector survey inflamed worries that pressure from US trade disputes with China and other countries could spill over into the broader US economy and eventually tip it into a recession. The dollar index =USD fell to 98.816, shedding about 0.9% after … Read More


US Dollar dollar pakistani rupees KSE KSE index points market interbank 156.35

US dollar reaches Rs156.35 after 12-paisa hike in interbank

09 September, 2019 11:49 am 11:49 am

KARACHI (92 News) – The US dollar reached Rs156.35 after a 12-paisa increase in the interbank on Thursday. With the increase, the US dollar was being sold at Rs156.35 in the interbank market. Meanwhile, stock markets opened in green as registering a gain of around 144 points at KSE 100 Index in morning trade, while … Read More


Global-stocks

Global stocks, dollar rise on hopes of easing US-China trade tensions

08 August, 2019 1:48 am 1:48 am

NEW YORK (Reuters) – A global gauge of equities edged higher on Monday and the dollar rebounded after US President Donald Trump said Chinese officials had contacted Washington about resuming trade negotiations, restoring some equilibrium following signs of escalation in the US-China trade dispute that had roiled markets earlier in the day. Trump’s comments after … Read More


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Asian stocks bounce in relief as Trump delays China tariffs

08 August, 2019 11:29 am 11:29 am

TOKYO (Reuters) – Asian stocks joined a global equities surge on Wednesday, after Washington delayed tariffs on some Chinese imports and gave much-needed relief for markets gripped by political and economic turmoil. The tariff news largely offset a raft of disappointing China data for July. The yen rose on the news about weak China’s industrial … Read More


KARACHI (92 News) – The US dollar fell by Rs.85 to reach Rs159.20 in the interbank market on Wednesday as the trading is continuing for the day. The benchmark KSE-100 index increased 50 points to push up the index. On Tuesday, the US dollar rose in the interbank market, inching up by 1.04 paisa to reach Rs160.90. The rupee maintained downward drive for the seventh straight session ahead of the likely hike in key interest rate. The rupee further weakened Rs1.04 to Rs160.90 to the US dollar in intra-day trade in the inter-bank market. The benchmark KSE-100 index decreased 110 points to push down the index less than 33,150 points. The State Bank of Pakistan (SBP) is strongly expected to hike key interest rate by 100 basis points to rein the future inflation in the afternoon. Last week, Pakistan received the first tranche of a loan of $991.4 million from the International Monetary Fund (IMF) under the under Extended Fund Facility (EFF). According to the State Bank of Pakistan (SBP), following the loan from the IMF, the country’s foreign exchange reserves now stand at above $15.0431 billion. The interbank rate is the benchmark rate to determine the value of dollar and sets the direction for open market rates. Since the open market or cash market rate usually remains higher than the interbank rate, the open market is likely to follow a similar trend throughout the day. The final rates for both cash and interbank market are compiled in the evening when businesses close.

Dollar slightly moves down after yesterday’s surge

07 July, 2019 11:28 am 11:28 am

KARACHI (92 News) – The US dollar fell by Rs.85 to reach Rs159.20 in the interbank market on Wednesday as the trading is continuing for the day. The benchmark KSE-100 index increased 50 points to push up the index. On Tuesday, the US dollar rose in the interbank market, inching up by 1.04 paisa to … Read More


dollar, US dollar,

US dollar inches up by 1.16, reaches Rs159.85 in interbank trade

07 July, 2019 3:39 pm 3:39 pm

KARACHI (92 News) – The US dollar continues to rise in the interbank market, inching up by 1.16 paisa to reach Rs159.85 during the first trading day on Monday. With the increase, the US dollar was being sold at Rs159.85 in the interbank market. The US dollar also witnessed an increase of Rs0.75 in the … Read More


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US dollar reaches Rs158.80 after 80-paisa hike in interbank

07 July, 2019 4:01 pm 4:01 pm

KARACHI (92 News) – The US dollar reached Rs158.80 after an 80-paisa increase in the interbank Thursday. Meanwhile, stock markets opened in green as registering a gain of around 50 points at KSE 100 Index in morning trade. On Wednesday, the US dollar reached Rs157.88 after a 51-paisa increase in the interbank. In the open … Read More


People, confidence, currency, dollar, shifted, abroad, Zardari

People lost confidence in currency, dollar being shifted abroad: Zardari

06 June, 2019 4:31 pm 4:31 pm

ISLAMABAD (92 News) – Former president Asif Zardari said that the people have lost confidence in currency while dollar is being shifted abroad. Talking to the media on Thursday, the PPP had also talked to the International Monetary Fund (IMF), but on the conditions of Pakistan. He said that the PPP will show its power … Read More


Opposition, dollar, NA session, Shebaz Sharif

Opposition to raise matter of US dollar price in NA

06 June, 2019 3:31 pm 3:31 pm

ISLAMABAD (92 News) – The opposition parties have decided to take up the matter of upward trend in US dollar price in proportion to Pakistani currency. The decision was taken during the parliamentary meeting of opposition parties under the chair of Opposition Leader in the National Assembly Shehbaz Sharif on Thursday. The meeting participants discussed … Read More


judicial remand Khawaja brothers Khawaja dollar accountability court

Kahwaja brother’s judicial remand extended for 14 days

06 June, 2019 12:35 pm 12:35 pm

LAHORE (92 News) – An accountability court on Thursday approved a 14-day extension in the judicial remand of Pakistan Muslim League-N (PML-N) leaders Khawaja Saad Rafique and Khawaja Salman Rafique. Accountability court judge Justice Jawadul Hasan ordered for the accused to be presented in court on July 11. Speaking to the journalists, Kahawaja Salman Rafique … Read More


US dollar, soars, Rs150.40, 30-paisa, increase, interbank, market

Dollar continues to soar, touches all-time high at Rs157 in interbank

06 June, 2019 12:50 pm 12:50 pm

KARACHI (92 News) – The dollar price reached all-time high of Rs157 after gaining Rs1.16 in the interbank market on Monday. According to the reports, US dollar continued its upward trajectory against Pakistan rupee. The US dollar weakened by Rs1.16 against the Pakistani rupee in the interbank market on Monday to be traded at Rs157. … Read More


us stocks oil crude brent economic growth dollar gold benchmarks

Global stocks dip as Fed meeting looms, oil climbs on geopolitical fears

06 June, 2019 8:31 am 8:31 am

NEW YORK (Reuters) – US stocks ended nominally lower as investors awaited next week’s Federal Reserve meeting for signs of imminent easing, while the US-Iran confrontation in the Gulf of Oman added to geopolitical uncertainty, sending oil prices higher. Lingering worries over the US-China trade war also weighed on investor sentiment. Weak China data and … Read More


US dollar, soars, Rs150.40, 30-paisa, increase, interbank, market

Dollar reaches all-time high at Rs155.84 after an increase of Rs2.94 in int...

06 June, 2019 3:38 pm 3:38 pm

KARACHI (92 News) – The dollar price reached all-time high of Rs155.84 after gaining Rs2.94 in the interbank market on Friday. In the open market, the dollar also increased by Rs4 and reached Rs157.50 from 153.50. However, during the five days, the rupee value has been decreased by Rs7.24. The analyst said that the country’s … Read More


Dollar, continues, soar, touches, all-time high, Rs153, interbank

Dollar continues to soar, touches all-time high at Rs152.90 in interbank

06 June, 2019 4:33 pm 4:33 pm

KARACHI (92 News) – The dollar price reached all-time high of Rs152.90 after gaining Rs1.34 in the interbank market on Thursday. In the open market, greenback also increased by Rs 1.50 and reached Rs153.50. On the other hand, Pakistan Stock Exchange witnessed a positive trend and gained strength. 10 index was strengthened by 465 points … Read More


US dollar, increases, 93 paisas, Rs148.80, interbank, market

Dollar jumps to Rs151.95 after 48-paisa increase in interbank

06 June, 2019 11:47 am 11:47 am

KARACHI (92 News) – The dollar price jumped to Rs151.95 after a 48-paisa increase in the interbank market on Wednesday. On the other hand, a positive trend was witnessed in Pakistan Stock Market. 100 index gained 400 points and crossed the psychological level of 35,000. In the open market, dollar reached Rs152.50 from Rs152 with … Read More