Rupee hits one-year high against dollar

The Newspaper's Staff Reporter Published March 17, 2021

The rupee on Tuesday soared to one-year high against the US dollar at Rs156.72 in the interbank market. — APP/File

KARACHI: The rupee on Tuesday soared to one-year high against the US dollar at Rs156.72 in the interbank market.

The dollar was traded at Rs156.58 on March 9, 2020. The local currency has been recovering gradually against the greenback on account of improved foreign exchange reserves, higher remittances and current account surplus.

The dollar has lost over 7pc against the rupee after hitting an all-time high of Rs168.43 in August 2020.

Published in Dawn, March 17th, 2021

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Farooq Siddiqui

Mar 17, 2021 08:45am

Shall we now see the prices of essential commodities, linked to international markets, decreasing?

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Fastrack

Mar 17, 2021 09:23am

Love you IK. Indians sink downward in Happiness Index every day with many such news. ;)

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Sab Se Pehle Pakistan

Mar 17, 2021 10:15am

Yet no benefits has been transferred to commoners. Hence the rise in rupees has no value for commoners like us. We continue our extreme struggle.

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Chrís Dăń

Mar 17, 2021 10:46am

Great.

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Shaun

Mar 17, 2021 10:50am

@ Fastrack Need to pay off all the loans which the PMIK took.

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Fastrack

Mar 17, 2021 11:06am

@Shaun, No issue, get a tissue. Then go get yourself vaccinated with clotty Indian made AZ vaccine. ;)

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Indian occupied Kashmiri, Srinagar

Mar 17, 2021 11:36am

@Shaun, It is being done and require no publicity to inform paining Indians . You will have surprises like Previous frequently . Khan saab is guy of promises and then practically implementing the promises to deliver.

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Bilal Mustafa

Mar 17, 2021 12:58pm

Educational qualifications do matter . Dr Hafeez Shiekh has stabilized PKR , it’s the electricity prices due to corruption in energy sector killing Pakistani growth prospects.

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M. Emad

Mar 17, 2021 01:56pm

1 US$ = 84 Bangladesh Taka.

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Hansoti sh

Mar 17, 2021 02:21pm

@Shaun, so when did u get elected by the citizens to micromanage the PM of Pakistan on how to run the country?

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Hansoti sh

Mar 17, 2021 02:22pm

@Fastrack, KHAN-do Culture of Pakistan

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Aslam

Mar 17, 2021 04:02pm

40 years ago, US dollar was available for 10 rupees!

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Vikas

Mar 17, 2021 06:04pm

And everyone is wondering why exports are down and FDI is non existent.

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Vikas

Mar 17, 2021 06:06pm

@Fastrack, "Love you IK. Indians sink downward in Happiness Index every day with many such news. ;)" Why should Indians be worried about a high PKR? With the prices of goods and inflation in Pakistan it is wonderful to see PKR at a high. It simple means that India is way cheaper than Pakistan.

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NACParis

Mar 17, 2021 09:03pm

Thanks to curbs on transfer by looters.

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Leg before vibration

Mar 17, 2021 09:15pm

Inflation break the record.

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Ali

Mar 17, 2021 10:58pm

@Vikas - Can you please tell me what is the petrol price in India