Friday, November 22, 2019

Rupee shed 14 paisas against USD as tension grows with India 

Featured

Islamophobia: Pregnant Muslim woman crushed, trampled in Australia

Islamophobia: A man in Australia is accused of beating and stomping on a pregnant woman in what the country's...

Impeachment inquiry: Why Ukraine needs US military assistance

The American military assistance to Ukraine is at the center of the impeachment inquiry against Donald Trump. The Democrats...

Video: SpaceX Starship prototype explodes during test

The projects of SpaceX are undergoing considerable development and Elon Musk's company continues to conduct tests to evaluate progress....
Zain Zubair
Zain Zubair
Zain Zubair is a staff writer for World News Observer. He is studying ACCA in Pakistan. Besides Accountancy and writing pieces, he loves cooking and nature photography. Zain has attended various modern journalism workshops. Contact: [email protected]
Pak rupee shed 16 paisas against dollar on Wednesday to close at Rs139.20 compared with the last closing of Rs139.06 in inter-bank market.
Although the demand and supply situation remained balance, the heightening tension with India spread a little panic in the market.
Exchange of fire between the troops and subsequent air combat resulting in crash of Indian jets heightened the tension.
The demand by the importers and corporate sector was offset by flow of remittances and export receipts.
Rupee shed 20 paisas against the greenback in the open market.
Malik Bostan Khan, President Forex Association of Pakistan said the buying and selling of US dollar was recorded at Rs138.70/Rs139.20 as against last closing of Rs138.50/Rs139.00 in cash free market.
Zain Zubair
Zain Zubair
Zain Zubair is a staff writer for World News Observer. He is studying ACCA in Pakistan. Besides Accountancy and writing pieces, he loves cooking and nature photography. Zain has attended various modern journalism workshops. Contact: [email protected]

Latest News

Islamophobia: Pregnant Muslim woman crushed, trampled in Australia

Islamophobia: A man in Australia is accused of beating and stomping on a pregnant woman in what the country's...

White House: Trump wants Senate trial

President Donald Trump wants the impeachment trial to go ahead in the Senate because he will be treated fairly there, and he expects Democratic...

Pompeo urged Iranians to send evidence of government abuse against protesters

US Secretary of State Mike Pompeo has called on demonstrators in Iran to send any videos, photos and information that may document the authorities'...

Trump signs federal spending project to avoid government shutdown

US President Donald Trump has signed a tentative consensus agreement on federal spending that will run until Dec. 20, with the aim of avoiding...

British Airways cancels some flights on technical glitches

British Airways has canceled some of its flights due to a technical problem. The technical problem has led to a disruption in the movement of...
- Advertisement -

Related News