The flight of the dollar in the currency market has come to a halt / The trend of increasing the value of Pakistani currency continues / The US dollar depreciated further against the rupee / Increase in value of Saudi Riyal by 17 paisa against Pakistani currency

 

The flight of the dollar in the currency market has come to a halt

The dollar fell back to three-month levels

The dollar fell by 0.93 paisa to 282.69 on the interbank market on the last day of the business week.

The flight of the dollar in the currency market was stopped. In the interbank, the dollar reached 282.69 paise. While the dollar also fell by 2 rupees to 282 in the weapon market.

According to the State Bank, today the dollar decreased by ninety-three paise to 282.69 paisa in the interbank market, while the dollar fell by two rupees to two hundred and eighty-two rupees in the open market.

In the open market, the dollar has become cheaper by 48 rupees and 24 rupees 41 paise in the interbank market. The dollar fell back to three-month-old levels.

It should be remembered that in the second phase of the crackdown against hoarding of dollars, due to the adoption of the strategy of raiding the houses of the relevant institutions for the recovery of reserves, the trend of decreasing the price of the dollar continued in the market yesterday.

It should be noted that due to the ongoing crackdown against the dollar mafia, the value of the rupee has increased by 4% in the last two weeks and the value of the rupee has recorded a total increase of 12 rupees 19 paise, while the dollar has been worth 32 rupees in the open currency market since September 1. It has become cheaper.

The trend of increasing the value of Pakistani currency continues

The US dollar is another rupee 7 paise cheaper in interbank

In domestic exchange markets, the trend of increase in value of rupee against dollar continued for the 21st consecutive day.

According to the State Bank, the value of the US dollar fell by one rupee 7 paise to 282.55 rupees against the Pakistani rupee in the interbank today. On the other hand, the dollar depreciated by one rupee to Rs 284 in the open market.

It should be remembered that according to the State Bank, the depreciation of the dollar was observed in the interbank yesterday too, the dollar was cheaper by 98 paisa and closed at 283 rupees 70 paise in the interbank.

It should be noted that from September 5 to October 4, the value of the rupee in the interbank market has fallen by a total of 23 rupees, while the dollar has become cheaper by 46 rupees from its highest level in the open market.

According to economists, the crackdown on hoarders on a large scale has led to the depreciation of the rupee. The rupee is currently at a seven-week high against the US dollar and the Pakistani rupee became the world's best performing currency during September.

The US dollar depreciated further against the rupee

The dollar fell by 98 paisa to 283 rupees 70 paise in the Interbank

In domestic exchange markets, the trend of increase in value of rupee against dollar continued for the 21st consecutive day.

According to the State Bank, the value of the US dollar fell by 98 paise to Rs 283.70 against the Pakistani rupee in the interbank market today. On the other hand, the dollar depreciated by one rupee to Rs 284 in the open market. The dollar fell to a three-and-a-half-month low.

Earlier in the day, the interbank dollar also saw an increase of Rs 1, taking the dollar to Rs 286. However, the rupee appreciated again later.

It should be remembered that according to the State Bank, the value of the dollar was observed in the interbank yesterday as well, the value of the dollar in the interbank decreased by 1.04 rupees, by which the dollar closed at 285 rupees 72 paise.

It should be noted that from September 5 to October 4, the value of the rupee in the interbank market has fallen by a total of 23 rupees, while the dollar has become cheaper by 46 rupees from its highest level in the open market.

According to economists, the crackdown on hoarders on a large scale has led to the depreciation of the rupee. The rupee is currently at a seven-week high against the US dollar and the Pakistani rupee became the world's best performing currency during September.

Increase in value of Saudi Riyal by 17 paisa against Pakistani currency

It reached 75.77 rupees compared to 75.90 rupees the previous day

The value of the Saudi Riyal increased against the Pakistani currency, reaching Rs 75.77 against the previous day's Rs 75.90.

The value of Saudi riyal increased by 17 paise against the Pakistani currency in the interbank market. The new price of the Saudi riyal is Rs 77.77 as compared to the closing of Rs 75.90 on Wednesday.

Today in the open market, the exchange rate of one Saudi Riyal to Pakistani currency is at 75.77. In interbank trading, the value of Saudi Riyal to Pakistani rupee has increased by 0.17 rupees.

The preliminary budget for the financial year 2024 was announced by the Ministry of Finance of Saudi Arabia.

According to Arab media, expenses of 1.251 trillion riyals while 1.172 trillion riyals will be income. Saudi media has said that the budget includes a deficit of 79 billion riyals.

Saudi media say that this will be the biggest budget in history in which development issues have been given full attention.

Saudi media also say that the budget includes major projects. Saudi Arabia has predicted a budget deficit this year with a slow growth rate.

The largest Arab economy expects real gross domestic product to grow 0.03 percent this year, a finance ministry document showed, compared with a previous forecast of 3.1 percent growth.

The document estimates the budget deficit at 2 percent of GDP, compared to an earlier forecast of a 0.4 percent surplus.