The rupee ended flat against the dollar due to better supply of the dollars, traders said. The rupee closed unchanged at 124.54 against the dollar. Traders said the rupee / dollar parity continued to show a stable trend in the interbank currency market.
The domestic currency is expected to maintain its firmness this week. However, analysts foresee a further depreciation of around five percent by the second half of 2018, amid dwindling foreign exchange reserves and hefty foreign debt repayments. In the open market, the rupee managed to post mild gains against the dollar. It traded at 123.50 for buying against the dollar as compared to the previous level of 123.80. The rupee closed at 124/dollar as compared to Tuesday’s closing of 124.30 for selling.
Sheikh argued that the government should have maintained stable petroleum prices
MARI has successfully drilled and tested the third appraisal well in the Ghazij formation in the Mari D&PL
Gold rates decreased by $17 to $2,395 per ounce in the international market
Company's revenue saw a 13.9% year-on-year increase, reaching Rs49.2 billion, up from Rs43.19 billion in the same...
A man counts US dollars in a money exchange shop in Dhaka. — AFP/FileLAHORE: The first thing that the government...
Power generation stood at 8,741 gigawatt-hours or 11,749 megawatts in March
