Intra-day update: rupee registers marginal losses against US dollar – Markets

Intra-day update: rupee registers marginal losses against US dollar – Markets

The Pakistani rupee registered marginal losses against the US dollar as it depreciated 0.02% during the opening hours of trading in the inter-bank market on Monday. At 11am, the rupee was hovering at 285.43, a decrease of Re0.06 in the inter-bank market. During the previous week, the rupee extended its winning streak for the second … Read more

Pakistani rupee: a wayward currency – Opinion

Pakistani rupee: a wayward currency – Opinion

Hard currencies like the US dollar, Euro, pound, are independent free floats, and their value contingent on demand and supply which may fluctuate daily. However monetary authorities, be it a central bank/US Federal Reserve, routinely monitor exchange rate movements and may decide to take mitigating policy measures in instances when the economy is over-heated or … Read more