• Download the Constitution of Pakistan
  • Advertise
Sunday, July 20, 2025
  • Login
NEWSLETTER
ECONOMY
  • Business
  • Education
  • Entertainment
  • Finance
  • Health
  • Life & Style
  • Politics
  • Sports
  • Technology
No Result
View All Result
  • Business
  • Education
  • Entertainment
  • Finance
  • Health
  • Life & Style
  • Politics
  • Sports
  • Technology
No Result
View All Result
ECONOMY
No Result
View All Result
Home Business

Intra-day update: rupee weakens against US dollar

by News Publishing
July 7, 2023
in Business
Reading Time: 2 mins read
0
Intra-day update: rupee weakens against US dollar
Share on FacebookShare on TwitterLinkedinWhatsapp

The Pakistani rupee dropped against the US dollar on Friday, falling 0.22% during interbank trading.

Around 12:30 pm, the rupee was trading at 277.66, a Re0.62 decline.

The Pakistani rupee rose somewhat against the US dollar on Thursday, rising 0.13% to close at 277.04 in the interbank market.

Foreign exchange reserves held by the State Bank of Pakistan (SBP) increased by $393 million to over $4.46 billion as of June 30, according to data released on Thursday.

The aggregate figure is approaching a critical threshold of about a month’s import cover.

Globally, the US dollar traded in narrow ranges on Friday as investors awaited a critical US jobs report and evaluated the likelihood of higher-for-longer Fed interest rates against the prospects for economic growth.

The carefully awaited nonfarm payrolls report is due later on Friday, with the US economy expected to have added 225,000 jobs in June.

The report comes on the heels of statistics released on Thursday showing that private payrolls climbed last month while the number of Americans filing new unemployment claims increased marginally last week, indicating that the labor market remained stable.

The US dollar index climbed 0.03% to 103.12, as US Treasury rates remained near their recent highs.

Oil prices, a crucial currency parity indicator, increased marginally on Friday and were on course for their second straight weekly gain, as persistent demand resulted in a larger-than-expected drop in US oil stocks, offsetting expectations of increasing US interest rates.

Tags: latestRupeeUs Dollar
News Publishing

News Publishing

Related Posts

Pakistan, Russia sign Protocol to restore & modernize PSM

Pakistan, Russia sign Protocol to restore & modernize PSM

by News Publishing
July 11, 2025
0

Pakistan and Russia have signed a Protocol to restore and modernize Pakistan Steel Mills (PSM) in Karachi, reaffirming their long-standing...

PSX soars to new high of over 133,000 points in intraday trade

PSX soars to new high of over 133,000 points in intraday trade

by News Publishing
July 7, 2025
0

July 8, 2025: The Pakistan Stock Exchange (PSX) continued its remarkable upward trend on Monday, as the KSE-100 index surged...

Pakistan, Azerbaijan sign $2billion investment agreement

Pakistan, Azerbaijan sign $2billion investment agreement

by News Publishing
July 5, 2025
0

Pakistan and Azerbaijan have signed an agreement for investment worth two billion dollars in diverse sectors of Pakistan's economy. The...

Petrol price increased by Rs8.36 per litre for next fortnight

Petrol price increased by Rs8.36 per litre for next fortnight

by News Publishing
July 1, 2025
0

The Finance Division has announced a significant increase in fuel prices, citing volatility in global crude oil markets. Effective from...

Petrol increase

Petrol Prices Likely to Rise by Rs5/Litre from July 1

by Anum Arif
June 30, 2025
0

ISLAMABAD: Prices of petroleum products in Pakistan are likely to rise by up to Rs5 per litre starting Monday, July...

Govt Eyes $3.3 Billion in Foreign Loans From Chinese Banks

Govt Eyes $3.3 Billion in Foreign Loans From Chinese Banks

by News Publishing
June 24, 2025
0

The Government of Pakistan is working on securing two foreign loans totaling $3.3 billion from Chinese financial institutions, aimed at...

Next Post
Microsoft Launches Free AI Training With Professional Certificate

Microsoft Launches Free AI Training With Professional Certificate

About Us

Economy.pk is a source of economic, political, business, finance, health and sports updates.

Important Categories

  • Business
  • Education
  • Entertainment
  • Finance
  • Health
  • Life & Style
  • Politics
  • Sports
  • Technology

Social Media

  • Facebook
  • Instagram
  • Twitter
  • Linkedin
  • YouTube
  • Linkedin
  • TikTok
  • WhatsApp
  • About
  • Advertise
  • Careers
  • Contact

© 2024 Economy.pk - Web Development by Digital Otters

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Business
  • Education
  • Entertainment
  • Finance
  • Health
  • Life & Style
  • Politics
  • Sports
  • Technology

© 2024 Economy.pk - Web Development by Digital Otters