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Intra-day update: rupee remains stable against US dollar

Summary by Business Recorder

The Pakistani rupee remained largely stable against the US dollar in the inter-bank market during the opening hours of trading on Friday. At 10am, the rupee was hovering at 279.45, a gain of Re0.01 against the greenback. The rupee had closed at 279.46 on Thursday. Internationally, the Japanese yen shot to a 2-1/2 month high on Friday on the back of a jump in Japanese inflation, while the US dollar was set for a third weekly drop in a row as trad…

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Daily Lead Pakistan

Rupee sheds 11 paisa against dollar

The Rupee on Friday depreciated by 11 paisa against the US Dollar in the interbank trading and closed at Rs279.57 against the previous day’s closing of Rs279.46 . However, according to the Forex Association of Pakistan (FAP), the buying and selling rates of the dollar in the open market stood at Rs279.95 and Rs281.45, respectively. The price of the Euro increased by Rs1.86 to close at Rs293.39 against the last day’s closing of Rs291.53, accordin…

23 hours ago

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