Skip to main content

Rupee improves

The rupee closed higher against the dollar on Friday on the back of soft dollar demand from importers, dealers said.The rupee closed at 121.49 to the dollar as compared to 121.54 in the interbank market. However, the currency lost ground in the open market due to fresh surge in the dollar demand. In the open market, the rupee ended at 124/124.50 against the dollar. It traded at 123.40/123.80 in the previous session.Pakistan’s foreign exchange reserves fell 3.30 percent to $16.243 billion during the week ended June 22, according to the data released by the central bank on Thursday.The reserves held by the State Bank of Pakistan (SBP) decreased $602 million on weekly basis. The SBP’s reserves were $9.662 billion. The forex reserves of commercial banks rose to $6.581 billion as compared to $6.533 billion in the preceding week.

from The News International - Business https://ift.tt/2tLlLZk

Comments

Popular posts from this blog

Angola takes measures to improve access to safe water and curb cholera - WHO | Regional Office for Africa

Angola takes measures to improve access to safe water and curb cholera    WHO | Regional Office for Africa Africa Centres for Disease Control and Prevention (CDC) Supports Angola to Fight Cholera    ZAWYA Cholera should not be killing anyone in 21st century: WHO    ET HealthWorld World News in Brief: Cholera surges worldwide, DR Congo update, WHO leads global health emergency exercise    UN News WHO sounds alarm over surging global cholera cases in 2025    Arab News from Top stories - Google News https://ift.tt/67xHpr2

Critic Says Trump Is 'Ignorant' and 'Incoherent' On Coronavirus. Others Call It 'Trump' Virus.

Can President Trump keep the American people prepared but not panicked? from Yahoo News - Latest News & Headlines https://ift.tt/3abEW21 via IFTTT