DOLLAR HITS NINE-MONTH HIGH AT RS164 IN INTERBANK

[FOOLS_NIGHTMARE]

The rise of the United States (US) dollar in the interbank against the Pakistani rupee continued on Tuesday as it touched the Rs164 mark, the highest since October 2020, ARY NEWS reported.

The nine-month high rate of the US dollar was reported in the interbank after the greenback witnessed an increase of Rs0.33 against the Pakistani rupee.

Economic experts attributed the spike in the dollar value to strong demand saying imports and debt repayment were pushing the greenback’s price in the interbank market.


The Pakistani rupee had touched an all-time low of 168.43 against the greenback last year in August before recouping some losses to hit a 22-month high of Rs152.95 in April, 2021.

The local unit rose by 6.2 percent or Rs10.51 against the US dollar in the currency market during the fiscal year 2020-21 that ended on June 30.

Dollar hits nine-month high at Rs164 in interbank

KARACHI: The rise of the United States (US) dollar in the interbank against the Pakistani rupee continued on Tuesday as it touched the Rs164 mark, the

arynews.tv

Rupee hits near 10-month low against US dollar

The rupee hit near 10-month low at 163.67 against the US dollar in the inter-bank market.The local unit depreciated by 0.76% or Rs1.24 against the dollar.The rupee has been facing pressure since last month because of import...

www.geo.tv

 

[Norwegian]

View attachment 767101

The rise of the United States (US) dollar in the interbank against the Pakistani rupee continued on Tuesday as it touched the Rs164 mark, the highest since October 2020, ARY NEWS reported.

The nine-month high rate of the US dollar was reported in the interbank after the greenback witnessed an increase of Rs0.33 against the Pakistani rupee.
View attachment 767102Economic experts attributed the spike in the dollar value to strong demand saying imports and debt repayment were pushing the greenback’s price in the interbank market.


The Pakistani rupee had touched an all-time low of 168.43 against the greenback last year in August before recouping some losses to hit a 22-month high of Rs152.95 in April, 2021.

The local unit rose by 6.2 percent or Rs10.51 against the US dollar in the currency market during the fiscal year 2020-21 that ended on June 30.

Dollar hits nine-month high at Rs164 in interbank

KARACHI: The rise of the United States (US) dollar in the interbank against the Pakistani rupee continued on Tuesday as it touched the Rs164 mark, the

arynews.tv

Rupee hits near 10-month low against US dollar

The rupee hit near 10-month low at 163.67 against the US dollar in the inter-bank market.The local unit depreciated by 0.76% or Rs1.24 against the dollar.The rupee has been facing pressure since last month because of import...

www.geo.tv

Good. Market based exchange rate is working.

 

[Mrc]

Huge purchase in Pakistan markets of dollars by rich Afghans preparing to flee the country is causing huge demand

 

[Oracle]

Huge purchase in Pakistan markets of dollars by rich Afghans preparing to flee the country is causing huge demand

khuda ka khoof karo
kuch india par , kuch afghanistan par aur kuch amrica pardal dete ho

 

[BATMAN]

POTI logic, this is conspiracy of patwaris... arrest PMLN by exercising ''prerogative'' of PM.

 

[Mrc]

khuda ka khoof karo
kuch india par , kuch afghanistan par aur kuch amrica pardal dete ho

To bhai aap bta dain...

Trade deficit ko nikal k kyo k wo mostly remmitences say covered hay

 

[Desprado]

To bhai aap bta dain...

Trade deficit ko nikal k kyo k wo mostly remmitences say covered hay

TO sir tell which donkey has told PTI to go for a growth if it cannot be sustained? Just think if 1.6 billion dollar CAD could lead to 7% devaluation in just 2 months than what will 8 to 10 billion dollar CAD will lead PKR?

Our industry is not ready for this market base exchange rate ,where daily PKR devalues to more than 1 rupee without even giving a reason.


When ever their is a devaluation ,there will always be inflation. Do not go these PTI kids logic , where they think devaluation will reduce inflation in their mind.

What is the purpose of Market base exchange or even introducing it if currency cannot sustain even 1.6 billion dollar CAD.

 

[blueazure]

Good. Market based exchange rate is working.

you really believe a weak and devalued PKR is good for our economy?

 

[Norwegian]

you really believe a weak and devalued PKR is good for our economy?

What is the purpose of Market base exchange or even introducing it if currency cannot sustain even 1.6 billion dollar CAD.

Yes, it's the only way to stop country's periodic current account deficit crisis

 

[Pakstallion]

The exchange rate is determined by the free market. Unlike previously where it was fixed. So it will go up and down. It does appear thought that the state bank buys dollars when the rupees is getting too strong - there were hints it was going to the 140s. But does not support it when the rupee gets weaker. In the long run will support the exporters. This is the right thing to do according to most unbiased economic experts. Obviously there will be some inflation from this of products that are imported. This may diminish its demand and eventually cause imports to go down and fix the current account and exchange rate. We have tried micromanaging these things and failed miserably. Better to let the market adjust by itself.

 

[Mrc]

TO sir tell which donkey has told PTI to go for a growth if it cannot be sustained? Just think if 1.6 billion dollar CAD could lead to 7% devaluation in just 2 months than what will 8 to 10 billion dollar CAD will lead PKR?

Our industry is not ready for this market base exchange rate ,where daily PKR devalues to more than 1 rupee without even giving a reason.


When ever their is a devaluation ,there will always be inflation. Do not go these PTI kids logic , where they think devaluation will reduce inflation in their mind.

What is the purpose of Market base exchange or even introducing it if currency cannot sustain even 1.6 billion dollar CAD.

https://www.facebook.com/1576608962471176/posts/2317352595063472

 

[AZADPAKISTAN2009]

Some Pressure is expected , since Covid-19 has impacted world economy
Government has taken corrective meassures to fix the economy inshallah the positive policies will bear fruit

There is general pressure due to Gas Supply
There is some recent pressure due to Oil Prices hiking


Oil & Gas has increased rapidly in world markets

 

[FOOLS_NIGHTMARE]

 

[jamal18]

Is the dollar rising or is the rupee falling?

 

[bafxet]

Yes, it's the only way to stop country's periodic current account deficit crisis View attachment 767272

Assuming that you are right, would you mind telling us why isn't there a substantial growth in exports after the massive debaluation since PTI govt took the office. Consider regional playets BD and India the exchange hasn't gone down mercilessly like ours.

You take the exchange rate to 300 and you wont be able to control CAD. It hasn't worked in past and it won't work even now.

But you are obsessed with PTI not Pakistan.