Aug 08, 2019 (LBO) - The national average for the month of July 2019 totalled 497.35
rupees against 494.48
rupees of June 2019, showing a marginal increase of 2.87
rupees month on month and in comparison to July 2018 average of 537.88
rupees however shows a decrease of 40.53
rupees.
The
rupee further weakened Rs1.44 to Rs161.30 to the US dollar in intra-day trade in the inter-bank market.
The US dollar -- Indian
rupee exchange rate will change on the basis of whatever affects the US dollar, because the Omani Rial is pegged to the dollar.
Pakistan has not agreed with International Monetary Fund to fix the
rupee rate against the US dollar and no one can fix or predict the exchange rates, senior Pakistani officials said.
'There is speculation the
rupee will depreciate to 165-170 against the US dollar in the inter-bank market as per IMF's conditions,' Exchange Companies Association of Pakistan Secretary General Zafar Paracha said while talking to media.
The
rupee fell five percent in the interbank foreign exchange market on March 20 when it fell from 110.57 a dollar in the interbank foreign exchange market to 115.
New Delhi [India], Sep 14 ( ANI ): The Principal Economic Advisor in the Finance Ministry, Sanjeev Sanyal on Friday said that the Government is confident of defending dollar-rupee fluctuations, adding that foreign exchange reserves are sufficient to defend the
rupee.
Sri Lanka's tax revenues grew 3 percent to 845.3 billion
rupees in the six months to June 2018, and current spending grew at a faster 8 percent to 995.6 billion
rupees, but the budget deficit was down in real terms, official data show.
However, the
rupee was still under pressure against the dollar and the euro.
Dubai: The Reserve Bank of India may be having sleepless nights over the relentless fall in India's
rupee, which hit a record low of over 70 per dollar, but expats from India are certainly happy.
The Pakistani
rupee continued its downward trend, plunging to an all-time low on Monday due to dollar outflow, declining forex reserves and high demand for dollar for Haj pilgrimage.
Remittances to India by the white collar segment jumped by a sizeable 15-20 per cent in the last couple of days after the Indian
rupee plummeted to a two-year low on August 24.
Dubai Gold and Commodities Exchange (DGCX) has announced the re-listing of its Indian
Rupee Options contract.
