Rupee hits one-year high against dollar
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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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Comments (20) Closed
Mar 17, 2021 08:45am
Shall we now see the prices of essential commodities, linked to international markets, decreasing?
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Mar 17, 2021 09:23am
Love you IK. Indians sink downward in Happiness Index every day with many such news. ;)
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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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Mar 17, 2021 10:46am
Great.
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Mar 17, 2021 10:50am
@ Fastrack
Need to pay off all the loans which the PMIK took.
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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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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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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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Mar 17, 2021 01:56pm
1 US$ = 84 Bangladesh Taka.
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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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Mar 17, 2021 02:22pm
@Fastrack, KHAN-do Culture of Pakistan
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Mar 17, 2021 04:02pm
40 years ago, US dollar was available for 10 rupees!
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Mar 17, 2021 06:04pm
And everyone is wondering why exports are down and FDI is non existent.
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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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Mar 17, 2021 09:03pm
Thanks to curbs on transfer by looters.
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Mar 17, 2021 09:15pm
Inflation break the record.
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Mar 17, 2021 10:58pm
@Vikas - Can you please tell me what is the petrol price in India
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Mar 17, 2021 10:58pm
@vikas , What is the petrol price in Pakistan
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Mar 18, 2021 01:12am
How long?
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Mar 18, 2021 07:47am
@Farooq Siddiqui, you need to wait for your PPP and PLM corrupt leaders to show up.
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