KARACHI: During the intraday trade, Rupee continued to strengthen against the dollar and regained its pre-Covid value. The Rupee was trading at 154.15 after gaining 42 paisas compared to Friday.
As per the details, the month of Ramzan may contribute positively as heavy inflows may result in raising parity to Rs150 – 152. Furthermore, the floating of Eurobonds may also impact the rupee.
However, it is expected that with an increase in the Covid cases and lockdowns, the value may fall back to Rs156 – 157.
Numerous reasons are being attributed to the regain in rupee value. The inflows are greater than outflows, forwards being booked by exporters, inflows resumed from Financial intermediary funds (FIFs) because of the International Monetary Fund (IMF) agreement, and outflows reduced because of decreased foreign travel.
For news and blogs, visit Graana.com.
LAHORE – The Lahore Chamber of Commerce and Industry (LCCI) on Sunday announced an emergency…
RIYADH – Outstanding loans from Saudi banks climbed to SR3.2 trillion ($849.7 billion) in June,…
ISLAMABAD: The Capital Development Authority (CDA) has opened bids for the Rs1.4 billion T-Chowk Flyover,…
SALALAH: Oman’s Ministry of Housing and Urban Planning has announced plans for Future Salalah City,…
Gwadar: The federal government has approved the construction of Gwadar Eastbay Expressway Phase II, linking…
The federal government has announced the abolition of Right of Way (RoW) charges on federal…
Welcome to Graana Blog - Pakistan’s Smartest Property Portal!
For more than a decade our intention has been to revolutionise the real estate industry in Pakistan. The same belief drove the vision of our real estate team, Graana where quality beats quantity.
We have introduced an extremely transparent and purposeful portal where we will help you buy, rent or sell your property. A place where you can sit back relax and let us market your projects and listings. We believe we have set new standards for the future of real estate in Pakistan by providing the smartest property portal.
