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Tag Archives: greenback

Pak rupee depreciates to Rs130.50 in open market

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KARACHI: The Pakistani rupee on Thursday again depreciated against the US dollar both in open market and interbank. As per the local money market, the dollar gained 50 paisas for buying at Rs128.50 and for selling at Rs130.50 in open market. In interbank, the greenback added 30 paisas for buying at Rs128.30 and for selling at Rs128.50. On Wednesday, the ... 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

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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 »

NZ dollar trade positive in Asian trade against US dollar, Yen

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NEW YORK: The New Zealand dollar continued to trade in positive territory against the U.S. dollar and the yen in Asia on Friday. The kiwi, which finished yesterday’s deals at 86.85 against the yen, advanced to 87.20. The kiwi hit a 2-day high of 0.7433 against the greenback, up from an early low of 0.7384. The next likely resistance for ... Read More »

Indian Rupee declines 16 paisa to 61.91 against dollar in early trade

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MUMBAI: The rupee declined 16 paise to 61.91 against the Greenback in early trade on Thursday at the Interbank Foreign Exchange (Forex) market due to appreciation of the US dollar overseas. Forex dealers attributed the rupee’s fall to the American unit’s gains against other currencies overseass and a lower opening in the domestic equity market. The domestic unit had closed ... Read More »

New Zealand dollar drops at lowest since November 2011 against greenback

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WELLINGTON: The New Zealand dollar touched US74.25 cents, its lowest level since November 2011 when the NZ dollar hit US73.71 cents, it was well down from its New York close on US74.50 cents, and it was hovering at US74.35 cents. Catherine Beard of Export NZ said the drop would not just benefit those exporting to the US but anyone trading ... Read More »

New Zealand dollar heads for 3.5pc against the greenback as the US economy shines

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WELLINGTON: The New Zealand dollar is heading for 3.5 percent against the greenback as the strength of the US economy was reinforced by Europe’s central bank rolling out a bigger than expected quantitative easing (QE) package to reinvigorate the moribund Euro zone. The kiwi fell to 75.14 US cents at 5pm in Wellington from 77.88 cents in New York last ... Read More »

South Korean stocks end flat as Bank of Korea freezes key rate

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SEOUL: South Korean stocks closed almost flat on Thursday as shareholders sat on the sidelines after the central bank determined to freeze the key rate for the month, analysts said. The South Korean won dipped against the greenback. The benchmark Korea Composite Stock Price Index edged up 0.48 point to end nearly unchanged at 1,914.14. Trading volume was low at ... Read More »

Asian stocks slip as oil prices fall, Nikkei drops 1.4pc, Australian stocks down 0.9%

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TOKYO: Asian stocks dipped on Tuesday as an ongoing slip in crude oil value dampened risk appetite, as the dollar nursed losses versus the safe-haven yen. MSCI’s broadest index of Asia-Pacific shares outside Japan fell 0.3 percent. Japan’s Nikkei dropped 1.4 percent and Australian shares were down 0.9 percent. The region’s focus was on Chinese trade data due at 9 ... Read More »

Indian rupee jumps 23 paisa to 62.09 against dollar in early trade

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MUMBAI: Indian rupee remained buoyant in fourth straight session. The rupee added 23 paisa at 62.09 versus the dollar in early trade at the Interbank Foreign Exchange on enlarged selling of the US currency by exporters. Forex dealers said sustained selling of the American unit by exporters and the dollar’s weakness against other currencies overseas supported the rupee, but a ... Read More »

Rupee gains 17 paisa to touch 63.41 vs US dollar

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MUMBAI: The rupee gained 17 paisa at 63.41 against the dollar at 10.55 a.m. local time. The domestic unit opened 6 paise strong at 63.52 per dollar against the previous close of 63.58 in early trade at the Interbank Foreign Exchange today on fresh selling of the US currency by exporters amid weakness in the dollar index overseas. It hovered in ... Read More »

Indian rupee slides by 8 paisa against US dollar

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LONDON: The rupee staged slightly revival but was still trading weaker by 8 paisa to 63.37 against the US dollar in late morning trade on new dollar demand from banks and importers on the back of higher greenback in the world market. The rupee resumed lower at 63.43 per dollar as against the last weekend’s level of 63.29 at the ... Read More »

Dollar tumbles under 120 yen in Tokyo on last market day of year

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LONDON: The dollar quit early increases to dips under 120 yen in Tokyo trading late on Tuesday, the last market day of the year. At 5 pm, the dollar stood at ¥119.79-80, down from ¥120.32-32 at the same time on Monday. The euro was at $1.2162-2163, down from $1.2179-2180, and at ¥145.70-71, down from ¥146.56-57. The greenback hovered around ¥120.70 ... Read More »

Indian rupee dips 13 paisa to 63.70 vs US dollar

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MUMBAI: Today the rupee weakened by another 13 paisa to 63.70 versus the US dollar in early trade on the Interbank Foreign Exchange market due to the pleasure of the greenback against other currencies overseas. Dealers attributed this fall to dollar’s gains against other currencies overseas and year-end demand from importers for the American currency but a higher opening in ... Read More »

Rupee depreciates by 10 paisas against dollar to stand at 100.4

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KARACHI: The Pakistani rupee Friday lost value against US dollar both in interbank and open market. As per local currency market, the US dollar gained 10 paisas each in interbank and open market to reach 100.4 and 100.75 respectively. On Thursday, the greenback lost 35 paisas in interbank to reach Rs100.3 and remained unchanged in open market at Rs100.65. Read More »

Rupee strengthens vs dollar, gains 35 paisas to reach 100.3 in interbank

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KARACHI: The Pakistani rupee Thursday strengthened against US dollar in interbank, and remained unchanged in open market. As per local currency market, the greenback lost 35 paisas in interbank to reach Rs100.3 and remained unchanged in open market at Rs100.65. On Wednesday, dollar traded at minimum rate of Rs100.60 and maximum rate of Rs100.65 in interbank, while it was traded ... Read More »

Dollar falls in thin Asian trade even after decade-high US monetary growth figures

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TOKYO: The dollar tumbled more ground in thin Asian trade Thursday, after a rally motorized by decade-high US monetary growth figures. In Tokyo, the US unit bought 120.30 yen, weakening from 120.44 yen in New York, although the greenback was still up from the 119-yen level earlier this week. The dollar-yen pair “will likely lack major moves but remain firm,” ... Read More »

Dollar stable in Asia ahead of US growth data

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TOKYO: The dollar stable in Asia on Wednesday after rallying on the back of data that showed US monetary growth at its uppermost level in over a session. The greenback got a boost on Tuesday as the US Commerce Department raised its estimate for third-quarter gross domestic product (GDP) growth from 3.9 percent to 5.0 percent, the best since 2003. ... Read More »

Pak crushes US dollar: Greenback sheds Re1.15 to reach 101.6 in open market

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KARACHI: Pakistani rupee Monday gained remarkable value against US dollar both in open market and in interbank despite Pakistan Tehreek-e-Insaf’s (PTI) call to shut down the country. As per currency market, the US dollar shed Re1.15 to reach 101.65 in open market, while it lost 10 paisa in interbank to stand at 101.2 on the first trading day. On Friday, ... Read More »

Rupee remains firm against greenback, stands at 101.6 in interbank

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KARACHI: Pakistani rupee Thursday remained firm against US dollar in interbank and gained strength in open market. As per currency market, the US currency remained unchanged in interbank at 101.6, however it lost 25 paisa in open market to reach 102.6. On Wednesday, the US dollar gained 10 paisa in interbank to stand at 101.60, while it shed 15 paisa in ... Read More »