The rupee is likely to face some downward pressure next week due to sustained dollar demand from importers to meet the month-end commitments, analysts said.“The rupee is expected to trade in the range of 104.75 and 104.85 against the dollar in the interbank market,” an analyst said.
The local unit suffered minor losses against the greenback, amid balance between demand and supply of the US currency in the week ended Friday. It was traded in the range of 104.77 and 104.81 during the week. The local currency remained range-bound and an all-time high level of forex reserves failed to boost trader’s sentiments.
Solar capacity of 5.5 MW, with an additional 2.5 MW in the process of securing through a letter of credit
Administrative expenses surged by 44.16 percent to Rs102.56 million, and other expenses by 42.82 percent to Rs3.91...
The new line is now operational and production has commenced with effect from April 16, 2024
Committee’s convener emphasized that due to smuggling of petrol from neighbouring country, dealers are facing a lot...
TCB-1 and SSRL are working on a coal-electricity integration project in Block-1 of Thar Coalfield
A total of 12.56 million insurance policies were sold through microfinance banks/institutions
