• Tuesday, July 23, 2019

US dollar jumps to Rs146.25 in open market

Discussion in 'Pakistan Economy' started by Reddington, May 15, 2019.

  1. Reddington

    Reddington FULL MEMBER

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    US dollar jumps to Rs146.25 in open market


    Web Desk

    MAY 15, 2019

    KARACHI: The US dollar reached an all-time high of Rs146.25 in the open market on Wednesday.

    The dollar reached the all-time high in Pakistan after an increase of Rs2.25 and was being traded at Rs146.25, according to the rates released by the Exchange Companies Association of Pakistan on Wednesday.

    “The investors have taken the IMF conditions as negative, especially with regard to free float of the rupee against the dollar and increasing the interest rate,” Yawar Uz-Zaman, head of Research at Shajar Capital, a brokerage house in Karachi told AFP.

    On Tuesday, the rupee closed at Rs144 against the greenback, 0.20 percent weaker from the previous closing of Rs143.70.

    https://dailytimes.com.pk/394623/us-dollar-jumps-to-rs146-25-in-open-market/
     
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  2. maithil

    maithil BANNED

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    2 days since IMF deal and Dollar has increased by Almost 5 Rupees. Good signs.
     
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  3. Path-Finder

    Path-Finder ELITE MEMBER

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    or do what bodhi puncture dar did spend 22 billion to keep dollar suspended!
     
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  4. INDIAISM

    INDIAISM BANNED

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    @BHarwana very bad very Sad
    1 Indian Rupee equals
    2.01 Pakistani Rupee in open market

    1INR = 2.08 PKR
     
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  5. Roybot

    Roybot BANNED

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    This is very bad and very sad.
     
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  6. Fawadqasim1

    Fawadqasim1 SENIOR MEMBER

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    just wait for one week.
    Some people are just wasting their money in open market it's totally based on speculation.

    Sir humbly under which law or rules
     
  7. VCheng

    VCheng ELITE MEMBER

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    Only in the open market. The official rate and policy remain unchanged as of now, but it might change after the bailout is formally approved and signed.
     
  8. INDIAISM

    INDIAISM BANNED

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    In one week it will be worse then this...Btw by the end of the year it was cost you anything between 156 pkr to 165 pkr to buy 1 $...
     
  9. Jf Thunder

    Jf Thunder ELITE MEMBER

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    this sentence is getting old
     
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  10. Fawadqasim1

    Fawadqasim1 SENIOR MEMBER

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    And who told you that why the interbank rates are going down yes down today.
    It means it's just speculation mostly by ppp
    and patwaries.
     
  11. ARMalik

    ARMalik FULL MEMBER

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    So this SBP Governor has not even done his 1st week and he has already started to kill the economy. Nice job IK, and nice good the so called 'Deep State' for playing the same filthy game with the people of Pakistan. You are as bad as corrupts like NS and Zardari.
     
    Last edited: May 15, 2019
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  12. Reddington

    Reddington FULL MEMBER

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    Sir yeh ab Imran k bas ki baat nhin ha. I feel pity for him though.

    We need a strong technocratic government which will do a brutal accountability of Nawaz, Zardari and their cronies. This corrupt system has failed.
     
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  13. INDIAISM

    INDIAISM BANNED

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  14. litman

    litman SENIOR MEMBER

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    IK has failed miserably in economic front.
     
  15. BHarwana

    BHarwana ELITE MEMBER

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    Google says other wise.

    IMG_20190515_163602.jpg