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The U.S. dollar lost momentum on Tuesday, retreating from a near three-week high as uncertainty over tariffs weighed on currency markets. After an early rise, the dollar weakened against major currencies, including the Japanese yen and euro, as traders reacted to shifting global economic signals. Tariff Concerns Shake Markets The dollar initially gained strength after …
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The Reserve Bank of India (RBI) likely sold dollars on Monday to stabilize the rupee. The Indian currency hit an all-time low of 86.39 per U.S. dollar in early trade. Traders reported that state-run banks were seen offering dollars, likely on RBI’s instructions. Rupee Hits Record Low The rupee slumped to 86.39, its weakest level …
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During the peak of the ‘dot com bubble,’ Masayoshi Son, the founder of SoftBank, suffered a staggering $70 billion loss in just one year. This remains one of the largest personal wealth declines in history. At the same time, the NASDAQ lost nearly 80% of its value, erasing trillions in market capitalization. The period was …
Continue reading “Market Volatility, Rupee Stability, Dollar Strength Shape Economic Trends”
The Indian rupee hit a record low on Wednesday. It fell to 84.9550 against the U.S. dollar before closing at 84.9525, down 0.07%. Strong dollar demand from importers and outflows from local equities added pressure. Weakness in regional currencies further weighed on the rupee. This trend came ahead of the U.S. Federal Reserve’s policy decision. …
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London: Oil prices remained largely unchanged on Thursday, following earlier declines this week due to a stronger U.S. dollar and concerns over rising supply amid sluggish demand growth. At 1203 GMT, Brent crude futures gained 17 cents, reaching $72.45 a barrel. U.S. West Texas Intermediate (WTI) crude futures rose 14 cents, settling at $68.57 per …
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KARACHI (Commerce Reporter) – In a historic move, Pakistani rupee has gained strength against the dollar. This comes after the State Bank of Pakistan (SBP) introduced new measures. These measures allow foreign exchange dealers to purchase dollars from the Interbank market for credit card payments. As a result, the pressure on the dollar in the …
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KARACHI – On Wednesday, the dollar’s value witnessed mixed interbank and open market movements. According to the State Bank of Pakistan (SBP), the dollar in the interbank increased by 12 paise, trading between Rs 285.35 and Rs 285.47. The day started with a decrease of 55 paise in the interbank rate, but by the end, …
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Petrol Price Decreased by Rs5 per Litre for the Next Fortnight by Govt. The federal government has announced a decrease in petrol prices by Rs5 per litre for the upcoming two weeks to provide relief to the masses who are already burdened by inflation. In a press conference held on Tuesday, Finance and Revenue Minister …
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Pakistan’s currency hit a new historic low as the US dollar closed at Rs276.58 in the interbank market on Friday. This came as a result of widespread anxiety about the outcome of ongoing talks between Pakistan and the International Monetary Fund (IMF). According to the State Bank of Pakistan, the Pakistani rupee dropped to a …
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KARACHI: Due to a supply of foreign currency during the day, the rupee recovered 20 paisas against the dollar on Tuesday, dealers said. The rupee closed the day at Rs168.52 per dollar, down from the previous day’s close of Rs168.72 in the interbank foreign currency market. During the day, the market saw inflows of export …
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