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Pakistani Rupee Makes Huge Gains Against All Major Currencies

Pakistani Rupee Makes Huge Gains Against All Major Currencies
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ArcelorMittal selects Calypso to deliver modern Front-to-Back cross-asset Treasury solution

ArcelorMittal selects Calypso to deliver modern Front-to-Back cross-asset Treasury solution
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Rupee Continues Landslide Against the US Dollar Second Week in a Row

The Pakistani Rupee (PKR) has continued its downward trajectory for the third day in a row as it went down by Rs. 40 paisas against the US Dollar (USD).

Saudi arabiaNew yorkUnited statesAsad rizviTreasury head at chase manhattan bankPakistani rupeeTreasury headChase manhattan bankPound sterlingAustralian dollarCanadian dollarSaudi riyalசவுதி அரேபியாபுதியது யார்க்ஒன்றுபட்டது மாநிலங்களில்அசாத் ரிஜ்வி

Rupee Posts Massive Losses Against All Major Currencies

Rupee Posts Massive Losses Against All Major Currencies ALSO READ The PKR closed at Rs. 154.37 to the USD at the end of the trading day today (Tuesday, 25 May) as compared to Rs. 153.69 to the USD on Monday (24 May). The GDP projections that have been making headlines might have signaled a position of strength for the PKR in the international currency market, but today’s movements turned out to be different. Regarding this, the former Treasury Head at Chase Manhattan Bank, Asad Rizvi, said earlier in the day, “Today Rupee is expected to open with a weaker tone around 154 levels against yesterday’s SBP close of 153.6982”.

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Rupee Opens the Week With Loss Against the US Dollar

Rupee Opens the Week With Loss Against the US Dollar ALSO READ Today, PKR went down by 32 paisas against the USD. This is exactly equal to the appreciation PKR had posted against the USD on May 7. PKR closed at Rs. 152.60 to the USD at the end of the trading day today (Monday, 17 May) compared to Rs. 152.28 to the USD on Friday (7 May). PKR had hit a nearly two years high against the greenback on May 7, 2021 – the last trading day in the interbank currency market before week-long holidays as announced by the government. Former Treasury Head at Chase Manhattan Bank, Asad Rizvi, commenting on PKR’s movement, said that after holidays, it was expected that banks would take the long position as major markets remained open and active during the holidays in Pakistan.

New yorkUnited statesAsad rizviTreasury head at chase manhattan bankPakistan rupeeTreasury headChase manhattan bankNet open positionபுதியது யார்க்ஒன்றுபட்டது மாநிலங்களில்அசாத் ரிஜ்விபாக்கிஸ்தான் ரூபாய்கருவூலம் தலைதுரத்து மன்ஹாட்டன் வங்கிநிகர திறந்த பொஸிஶந்