Rupee expected to trade in narrow range despite political uncertainty – Uptrends

Rupee expected to trade in narrow range despite political uncertainty – Uptrends

  It is widely expected to seek a bailout from IMF after new government takes charge An employee counts Pakistani rupee notes at a bank in Peshawar, on August 22, 2023. — Reuters Rupee gained slightly against dollar in interbank market. Currency advisory firm terms political situation “fluid”. Uncertainty could affect confidence of investors, creditors. KARACHI: … Read more

Rupee likely to remain stable on balanced dollar demand-supply – Uptrends

Rupee likely to remain stable on balanced dollar demand-supply – Uptrends

  “USD/PKR seems to be hovering around the 282 mark for another month or so,” says Tresmark report A currency dealer counts US dollars at a shop in Karachi. — AFP/File Rupee closes week at 282.53 per dollar, gains 0.24%. Zero CAD policy major reason behind rupee stability. Forex exchange reserves remain under pressure. KARACHI: The rupee is … Read more