Rupee bounces back as Dollar decreases by further 75 paisa

[SSGcommandoPAK]

KARACHI – The dollar was traded at Rs Rs150.70 after witnessing a 75-paisa decrease in the interbank market on Friday.

In the open market, the dollar was sold at Rs151.70 after witnessing a decrease of 80 paisas.

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[Smarana Mitra]

KARACHI – The dollar was traded at Rs Rs150.70 after witnessing a 75-paisa decrease in the interbank market on Friday.

In the open market, the dollar was sold at Rs151.70 after witnessing a decrease of 80 paisas.

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Bouncing back is when there is major change of about 3%. This is minor fluctuation of less than 1% and means nothing. It is just day to day market fluctuation.

 

[Kabira]

Single biggest retarded thing Nawaz/Dar did was artificially keep rupee at Rs100 vs $. It kept importers happy but cripled economy in the long run. If rupee was gradually going down every year it would have been better for all, especially poor. They should never again spend $ to keep rupee stable artificially.

Today some players may be manipulating curreny by buying up $$ but eventually it will fall back to real value. Anyway we are back to square one with IMF and Saudis bailout. Now in next few years things will stablize before next government again have to beg around to pay back debt in $.

 

[YeBeWarned]

it has to come back to 130ish ..

 

[Syed1.]

I read it in haste and thought ruppee had bounced back to 1$ = Rs. 75..... kaaash

 

[Sugarcane]

KARACHI – The dollar was traded at Rs Rs150.70 after witnessing a 75-paisa decrease in the interbank market on Friday.

In the open market, the dollar was sold at Rs151.70 after witnessing a decrease of 80 paisas.

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I don't know from where the media report the exchange rates, It wasn't over 148 in real open market today.

 

[WarKa DaNG]

Just get sad when see some people are happy on the dollar rise and are just ready to blame the current government for it, mental retards