ISLAMABAD – The Pakistani rupee experienced a notable improvement in the inter-bank market, appreciating to close at 286.50 against the dollar, marking an uptick from its previous position. This gain was observed after the currency ended its weeks-long losing streak the day before. The positive shift comes on the heels of a staff-level agreement with
© Reuters. The Indian Rupee has seen an ascent against the dollar, driven by softening US currency in response to a decrease in the United States’ key Consumer Price Index (CPI) figures. This development has sparked speculation among investors about a potential Federal Reserve interest rate cut by May next year. ICICI Direct observed on
© Reuters. FILE PHOTO: An India Rupee note is seen in this illustration photo June 1, 2017. REUTERS/Thomas White/Illustration/File Photo By Milounee Purohit and Anant Chandak BENGALURU (Reuters) – The Indian rupee will trade near record lows against the dollar over the coming months, according to a Reuters poll of FX strategists who also said
© Reuters On Tuesday, the Pakistani Rupee experienced depreciation against the US Dollar and the European Euro in both interbank trading and open market rates, as reported by the Foreign Exchange Association of Pakistan (FAP) and the State Bank of Pakistan (SBP). The Rupee closed at Rs 286.39 against the Dollar in interbank trading, marking
© Reuters. India’s foreign exchange reserves saw a significant increase, despite a notable foreign investor pullout, ending the week of October 27 with a total of $586.111 billion, a surge of $2.579 billion according to the Reserve Bank of India (RBI). This considerable rise was largely attributed to the maturity and reversal of a $5
Share: Indian Rupee trades firmly, supported by the potential aggressive intervention by the Reserve Bank of India (RBI). A rise in US Treasury yields and higher crude oil prices might cap the upside of the Indian Rupee. Investors will focus on the RBI Forex swap maturity, US economic data. Indian Rupee (INR) posts
© Reuters. FILE PHOTO: An India Rupee note is seen in this illustration photo June 1, 2017. REUTERS/Thomas White/Illustration/File Photo By Milounee Purohit BENGALURU (Reuters) – The Indian rupee will trade in a tight range over the coming months as the Reserve Bank of India continues to intervene in the market to shield the currency
© Reuters. The Reserve Bank of India (RBI) has stepped into the forex market this Wednesday, potentially employing a Sell Buy Swap strategy to stabilize the rupee, which has been under pressure due to soaring US Treasury yields. This move comes as the US Treasury yields reached a peak of 4.88%, according to information released
© Reuters. FILE PHOTO: A man counts Pakistani rupee notes at a currency exchange shop in Peshawar, Pakistan September 12, 2023. REUTERS/Fayaz Aziz/File Photo By Ariba Shahid KARACHI, Pakistan (Reuters) – Pakistan’s rupee has gained 6.1% against the dollar so far in September, following an official clampdown on illegal foreign exchange trade in grey and
© Reuters. The Bank of Mauritius is currently experimenting with the launch of a digital rupee, as confirmed by its Governor Harvesh Seegolam at the Bloomberg Financial Forum on Wednesday. This development is part of the central bank’s initiative to modernize its financial services sector and position itself as a multinational treasury headquarters hub. The
