The rupee has depreciated by 8 per cent this year
The foreign exchange reserves held by the central bank increased 3 per cent on a weekly basis, according to data released by...
Ibrahim Moosa for Mettis Global told Profit, "The Pakistani rupee is expected to depreciate against the US dollar further and the market expectation is at around Rs147-148."
The dollar index against a basket of six major currencies was little changed at 96.608 after edging up about 0.15 percent overnight when long-term Treasury yields surged to a one-week high on news of progress in U.S.-China trade talks
The Nikkei 225 index rose 0.6 percent to 21,431.49 despite news that Japan’s exports sank 8.4 percent in January from a year earlier, far more than forecast
The Shanghai Composite index added 0.3 percent to 2,762.73 in early trading, while Japan’s Nikkei 225-edged 0.1 percent higher to 21,297.67
The dollar index, a gauge of its value versus six major peers, was marginally higher at 97.20, having gained 0.5 percent in the previous session
Hong Kong’s Hang Seng gave up 0.7 percent to 28,305.33. and Australia’s S&P/ASX 200 shed 0.1 percent to 6,060.50, Kospi in South Korea lost 0.5 percent to 2,191.42
The dollar index was steady at 97.04, after advancing 0.45 percent in the previous session, its largest percentage gain since Jan. 24
Japan’s Nikkei 225 was flat at 20,880.53 and India’s Sensex edged down less than 0.1 percent to 36,566.21
The dollar index, which measures the greenback against a basket of six key rivals, was barely changed at 95.846 after gaining for three straight sessions
Hong Kong’s Hang Seng index lost 0.2 percent to 27,885.90 while the Shanghai Composite index jumped 0.8 percent to 2,604.57
Sterling staggered up 0.2 percent to $1.3091 after suffering a loss of 0.7 percent overnight as lawmakers rejected a proposal to give parliament a path to prevent a potentially chaotic hard exit
Japan’s Nikkei 225 index retreated 0.5 percent to 20,555.13 while South Korea’s Kospi climbed 0.6 percent to 2,197.50
The dollar index, a gauge of its value versus six major peers was marginally lower at 95.74, after falling 0.8 percent on Friday