Rupee firms; o/n rates up
Page 1 of 1 • Share
Rupee firms; o/n rates up
[You must be registered and logged in to see this image.]
KARACHI: In the currency market, the rupee firmed to close at 87.63/67 to the dollar on Monday, from Friday's close of 87.75/78.
"The rupee weakest level was 87.85 per dollar," said a dealer at a foreign bank.
Some dealers said the central bank may have verbally intervened in the currency market to support the rupee.
The rupee hit a record low of 87.92 to the dollar on Friday and dealers expect the pressure to continue especially after Pakistan will not be receiving inflows from the IMF and also due to increased import payments and a negative economic outlook.
In the money market, overnight rates ended at a top level of 13.50 percent, compared with Saturday's close of 13.25 percent amid tight liquidity in the interbank market. (Reuters)
KARACHI: In the currency market, the rupee firmed to close at 87.63/67 to the dollar on Monday, from Friday's close of 87.75/78.
"The rupee weakest level was 87.85 per dollar," said a dealer at a foreign bank.
Some dealers said the central bank may have verbally intervened in the currency market to support the rupee.
The rupee hit a record low of 87.92 to the dollar on Friday and dealers expect the pressure to continue especially after Pakistan will not be receiving inflows from the IMF and also due to increased import payments and a negative economic outlook.
In the money market, overnight rates ended at a top level of 13.50 percent, compared with Saturday's close of 13.25 percent amid tight liquidity in the interbank market. (Reuters)
Zeba Khan Hoti- Monstars
- Posts : 773
Join date : 2011-02-24
Similar topics
» Rupee firms; o/n rates flat
» Rupee weakens; o/n rates flat
» Stocks end lower; rupee weakens; o/n rates flat
» Euro firms back before G7 meeting
» Euro firms on China scholar's investment comment
» Rupee weakens; o/n rates flat
» Stocks end lower; rupee weakens; o/n rates flat
» Euro firms back before G7 meeting
» Euro firms on China scholar's investment comment
Page 1 of 1
Permissions in this forum:
You cannot reply to topics in this forum
Today at 12:21 pm by ali001
» Hemangiom'App
Tue Nov 05, 2024 11:25 am by ali001
» MindfulMe - Mental Health App
Mon Nov 04, 2024 10:50 am by ali001
» Learn Candlestick Patterns
Tue Oct 15, 2024 5:51 am by ali001
» Woh Pagal Si Episode 52 to 62 - Top Pakistani Drama
Sat Sep 21, 2024 6:26 pm by Mir Emmad Ali Khan Domki
» Nearu - share your socials
Sat Sep 21, 2024 1:12 pm by ali001
» Nightclub Tycoon: Idle Empire
Thu Sep 19, 2024 9:16 pm by ali001
» Carnivore - Meat Diet Recipes
Wed Sep 18, 2024 2:37 pm by ali001
» Eid Milad un Nabi Mubarak 2024 (Rabiʻ I 14, 1446 AH)
Tue Sep 17, 2024 3:44 pm by Mir Emmad Ali Khan Domki