• Download the Constitution of Pakistan
  • Advertise
Thursday, July 24, 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

US Dollar vs Pakistani Rupee Rate Today – October 26, 2023

by News Publishing
October 26, 2023
in Business
Reading Time: 1 min read
0
US Dollar to PKR Today – 2nd January 2024
Share on FacebookShare on TwitterLinkedinWhatsapp

The Pakistani rupee experienced a slight uptick against the US dollar, gaining 0.01% in the initial hours of trading on Thursday.

By 11:05 am, it was trading at 279.85, marking an increase of Re0.03 in the inter-bank market. This follows a 0.16% depreciation on Wednesday when the rupee settled at 279.88 against the US dollar.

In a related development, during the quarter ending on September 30, 2023, the State Bank of Pakistan (SBP) imposed penalties amounting to Rs83.2 million on four banks due to their non-compliance with legal and regulatory requirements.

On a global scale, the US dollar remained strong on Thursday, hovering close to a one-week high. This strength was attributed to rising Treasury yields and a decrease in investor appetite for riskier currencies. Additionally, the Japanese yen surpassed the 150 per dollar mark, raising concerns among traders about potential currency intervention.

The upcoming release of US GDP data later on Thursday was noted as a significant event risk for the dollar/yen exchange rate. Carol Kong, a currency strategist at the Commonwealth Bank of Australia, suggested that a strong GDP report could push US yields higher and potentially lead to the yen testing new lows.

The US dollar, when measured against a basket of currencies, was trading at 106.58, just slightly below the one-week high of 106.61 that it reached on Wednesday.

Tags: US Dollar vs Pakistani Rupee rateUS Dollar vs Pakistani Rupee Rate Today – October 26
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
PPP asks ECP to give poll date, says results ‘unacceptable’ without PTI

PPP asks ECP to give poll date, says results ‘unacceptable’ without PTI

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