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SBP ups policy rate by 25bps to 7 25pc
thenews.com.pk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thenews.com.pk Daily Mail and Mail on Sunday newspapers.
Stocks lose to monetary uncertainties
thenews.com.pk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thenews.com.pk Daily Mail and Mail on Sunday newspapers.
2020-21؛ جاری کھاتہ سرپلس سے خسارے میں چلا گیا
express.pk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from express.pk Daily Mail and Mail on Sunday newspapers.
Rupee depreciates around 1%
KARACHI:
Pakistani currency depreciated Rs1.54, or 0.95%, and closed at a nine-month low of Rs161.48 against the US dollar in the inter-bank market on Monday apparently due to increase in the outflow of foreign currency on account of a significant rise in imports.
The currency had last closed above that level at Rs161.82 on October 22, 2020.
The rupee came under pressure the same day when the State Bank of Pakistan (SBP) announced that the current account balance had turned into a deficit of $1.6 billion in June - the highest since December 2018.
The spike in the deficit, which was reported after the close of inter-bank market, still impacted the rupee-dollar exchange rate.
Market watch: Bullish spell continues at PSX
tribune.com.pk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from tribune.com.pk Daily Mail and Mail on Sunday newspapers.