Thursday, October 29, 2020

Rupee sheds 45 paisas against US dollar on fiscal uncertainty

Featured

Armenian defense denies targeting civilian sites in Azerbaijan

The Armenian Ministry of Defense denied targeting civilian sites in Azerbaijan, according to an urgent news broadcast, Azerbaijan announced...

Harris promised to end Trump’s policies on asylum restrictions and ensure immigrant dignity

Democratic candidate for US Vice President Kamala Harris promised to work with Democratic presidential candidate Joe Biden to put...

Covid-19 vaccine could be available by end of the year: Fauci

Before the end of this year, it will be possible to know if there is a vaccine against COVID-19...
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 45 paisas against US dollar to close at Rs139.35 on Thursday compared with the last closing of Rs138.90 in inter-bank market, despite the central bank reported $6.0 million in its reserves.

A sense of uncertainty prevails in the market resulting in fluctuations in the rupee value.

The demand was also higher by the importers and corporate sector, which was offset by flow of remittances and export receipts.

Rupee shed 40 paisas against dollar in the open market also.

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 Rs138.30/Rs138.80 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]
- Advertisement -

Latest News

Telenor Pakistan Bags Network Transformation Awards 2020 for CCS

In line with its commitment to strengthening the pillar of connectivity and providing high-quality broadband services across the length...

Shell Pakistan announces a profit in Q3 2020

The Board of Directors of Shell Pakistan Limited (‘SPL’) announced the third-quarter results for the company. Shell posted an after-tax profit of PKR 1,812...

Armenian defense denies targeting civilian sites in Azerbaijan

The Armenian Ministry of Defense denied targeting civilian sites in Azerbaijan, according to an urgent news broadcast, Azerbaijan announced that 4 civilians were killed...

Harris promised to end Trump’s policies on asylum restrictions and ensure immigrant dignity

Democratic candidate for US Vice President Kamala Harris promised to work with Democratic presidential candidate Joe Biden to put an end to the policies...

Covid-19 vaccine could be available by end of the year: Fauci

Before the end of this year, it will be possible to know if there is a vaccine against COVID-19 that is "safe and effective"...

Related News