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Customs Today prediction of rupee devaluation up to 153 vs dollar comes true?  

Asad Umar

ISLAMABAD: Sudden devaluation of Pak rupee against the US dollar recorded in interbank trading on Friday morning as rupee hit an all-time high of Rs144. Rupee devaluation is following the same pattern as reported by Customs Today in July 2018 that the Pak rupee could touch the lowest value of 153 against dollar in the medium term due to illegal ... Read More »

Dollar rises by Rs9.74 to touch Rs 134 mark as PTI govt decides to approach IMF

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KARACHI: Dollar rate in interbank market on Tuesday increased by Rs9.74 to hit the mark of Rs134. The rate soared by Rs 9.75 at start of the trading today and the market was closed at Rs 124.25 on Monday. Analysts said uncertainty regarding financial position of the country led to the freefall of the dollar. After this sharp increase in ... Read More »

Pak rupee depreciates to Rs130.75 in open market

Pak rupee (5)

KARACHI: The US dollar touched a record high of Rs130.75 in the open market on Friday, gaining a further Rs0.25 as it continued its climb against the Pakistani rupee. As per the local money market, the dollar gained 25 paisas in open market for buying at Rs129.75 and for selling at Rs130.75, while the dollar also added 10 paisas in ... Read More »

Pak rupee makes recovery against greenback

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KARACHI: The Pakistani rupee on Wednesday made some recovery against the US dollar both in open market and interbank. As per the local money market, the dollar lost 50 paisas in open market for buying at Rs128 and for selling at Rs130, while the dollar also shed 50 paisas in interbank for buying at Rs128 and for selling at Rs128.20. ... Read More »

Pak rupee further strengthens

Pak rupee 1

KARACHI: The Pakistani rupee on Thursday continued to recover against the US currency in open market and remained unchanged in interbank. As per the local money market, the greenback lost 20 paisas in open market for buying at Rs 124 and for selling at Rs 124.55, while it remained firm in interbank for buying at Rs 121.40 and for selling ... Read More »

US stocks set for modest gains with pressure on oil, dollar

us stock exchange

WASHINGTON: With the dollar hovering at a 15-month low and energy prices feeling the pinch from Harvey, US equity indices are set to push slightly higher at the start of trading on Monday. Futures tip the S&P 500 to rise 0.14 per cent to 2,446, and the Nasdaq 100 is also set for a gain of 0.14 per cent to ... Read More »

Oil prices up as dollar decreases by 0.5% one month low

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ATHENS: Oil prices rose on Thursday as a weaker dollar made fuel cheaper for holders of other currencies, and on hopes of a last-minute breakthrough that could keep Greece in the euro zone and help avoid a shock to European economic growth. The dollar fell 0.5 percent to a one-month low against a basket of currencies. After the Federal Reserve ... Read More »

Euro falls 0.7% to $ 1.073 against US dollar amid Greece worries

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ATHENS: Euro hit by Greek worries the euro is suffering from Greek uncertainty today. The single currency has fallen 0.7% against the US dollar today to $1.073. It’s down 0.5% against sterling too, at 71.9p — meaning one pound is now worth €1.391. Against the Australian dollar, the yen appreciated to 92.59 from an early more than a 3-week low ... Read More »

Turkey’s currency loses around 10% value in a year

Australian-Dollar and yen

ANKARA: The stronger US dollar has stemmed external pressures in some countries from signs of weaker currencies and falling foreign exchange reserves. In a report published on Moody’s Investor Service said external pressures in some countries are translating to capital outflows or significantly lower inflows as the US dollar hurts countries with large external funding needs. It said that countries ... Read More »

Australian dollar falling may force interest rates to go higher

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CANBERRA: Australian dollar falling may force interest rates to an average of 2 per cent for the end of the year and the first quarter of 2016. If the fall in the dollar continued, there could be another 5 per cent rise in the price of imports in 2015 and again in 2016. The Reserve Bank’s cash rate stands at 2.25 ... Read More »

Australian dollar falls below 76 US cents, hits lowest level since financial crisis

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CANBERRA: Australian dollar hit its lowest level since the depths of the global financial crisis. Now markets are betting on how low the dollar will go as the softer currency starts working its way through the economy. Earlier this morning the dollar went as low as 75.6 US cents – the lowest point since May 2009 in the wake of ... Read More »

Indian rupee declines 67.78 per dollar at start

indian rupee vs US

Mumbai: The rupee on Thursday opened flat against the dollar on weak Asian currencies. The Indian currency opened at 62.78 per dollar compared with its previous close of 62.7813. The dollar index, which measures the US currency’s strength against major currencies, was trading at 99.97, up 0.18% from its previous close of 99.795. The equity benchmark S&P BSE Sensex was ... Read More »

NZ dollar rises after Japan growth slows, kiwi advances to 89.37 yen

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TOKYO: New Zealand dollar rose against the yen after Japanese growth was revised lower, damping demand for the nation’s currency. The kiwi advanced to 89.37 yen at 8am in Wellington, from 88.77 yen at 5pm on Monday. The local currency gained to 73.75 US cents from 73.31 cents after the greenback consolidated following stronger employment data on Friday. The yen ... Read More »

Indian rupee declines by 50 paisa to 62.66 against dollar in early move

rupee vs dollar

MUMBAI: Indian rupee plummeted by 50 paisa to 62.66 against the US dollar in early trade today as the American currency strengthened overseas. Forex dealers said besides the dollar’s gains against other currencies overseas on an upbeat US jobs data, fresh demand from importers for the Greenback and a weak opening in the domestic stock market put pressure on the ... Read More »

Lira sinks further to above 2.57 against US dollar

south korean won vs dollar

ANKARA: The Turkish lira weakened to a record low above 2.57 against the US dollar, hit by the strength of the dollar and with concerns about government pressure on the central bank continuing to weigh on sentiment. On Wednesday afternoon, the lira stood at 2.5710 against the dollar, hitting above Tuesday’s record low of 2.54. Main share index Borsa İstanbul ... Read More »

Dollar firms near 11yrs high against major currencies ahead of US data, ECB

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TOKYO: The dollar held firm near an 11-year high versus a basket of major currencies on Wednesday, as investors awaited US economic data and a European Central Bank meeting later this week for fresh clues on policy direction. The dollar index edged up 0.1 percent to 95.451. On Tuesday it had touched a high of 95.570, its strongest level since ... Read More »

Indian rupee stronger by 15 paisa against dollar

indian rupee

MUMBAI: Indian rupee strengthened by 15 paise to 62.05 against the US dollar in early trade today at the Interbank Foreign Exchange on increased foreign capital inflows. Forex dealers said besides the dollar’s weakness against other currencies overseas, a higher opening in domestic stock market, supported the rupee. The rupee had ended 11 paise higher at 62.20 against the US ... Read More »

South Korean won firmer against dollar after Yellen

South Korean won

SEOUL: The South Korean won firmed against the dollar on Wednesday, tracking broad weakness in the greenback after Yellen held back from giving a clear view on the timing of the next US rate hike. The local currency was quoted at 1,103.8 to the dollar as of 0200 GMT, compared with 1,109.9 seen at the end of Tuesday’s session. March ... Read More »

Indian rupee strengthens by 7 paisa to 62.15 against dollar at start

indian rupee vs dollar

MUMBAI: Indian rupee strengthened by seven paisa to 62.15 against the US dollar in early trade today at the Interbank Foreign Exchange on increased selling of the American currency by exporters and banks. Forex dealers said besides selling of the US currency by exporters and banks, a higher opening in domestic stock market and the dollar’s weakness against other currencies ... Read More »

Indian rupee strengthens by 7 paisa to 62.15 against dollar at start

indian rupee vs dollar

MUMBAI: Indian rupee strengthened by seven paisa to 62.15 against the US dollar in early trade today at the Interbank Foreign Exchange on increased selling of the American currency by exporters and banks. Forex dealers said besides selling of the US currency by exporters and banks, a higher opening in domestic stock market and the dollar’s weakness against other currencies ... Read More »