Pakistani rupee registers marginal gains against United States dollar in inter-bank marketimproving 0.04% during opening hours of trading on Tuesday.
Around 10:50 am, the rupee was quoted at 224.85, i.e. of Re0.09, during the day trading.
On Monday, the rupee exchange rate did not change. against United States dollar settle for 224.94 in inter-bank market.
AT key development data from the Economic Affairs Division (EAD) showed that government borrowed $5.114 billion from multiple funding sources, including $1.166 billion from the International Monetary Fund (IMF), during first five months (July-November) of 2022–2023 compared to $4.699 billion borrowed in the same period. of last fiscal year.
Pakistan continues to rely on external sources to meet its liquidity needs as the country struggles in in face of depletion of foreign exchange reserves, which were reduced to four year short.
On the international market, the yen rose against in dollar on Tuesday after the bank of Japan has stated that it will review yield curve management policy and expanded trading Group for 10-year government bond yield in unexpected fix.
United States dollar however, the index fell 0.31% to 104.30, leaving back towards the middle of it trading range this month of 103.44-105.90. The index measures the US dollar against the yen and five other major currencies, including the euro and the pound sterling.
Oil prices, and key index of currency parity, border up on tuesday supported by a softer dollar and US plan to replenish oil reserves, but growth was limited by uncertainty over influence of rising COVID-19 cases in China’s largest oil importer.
It’s intraday update
This Article Intra-day update: rupee registers marginal gain in inter-bank market – Markets was first Published on World Weekly News