Pak foreign money spirals additional, falls to report low of 270 towards greenback

Cumulatively, it has fallen by PKR 39.21 (or 14.50%) within the three days up to now. New Delhi: Pakistan’s foreign money continued its dramatic decline for the third straight day, plunging to a report low of 270 towards the US greenback, as the federal government known as for a bailout to fulfill Worldwide Financial Fund, … Read more

Pak foreign money depreciates to 262 in opposition to greenback amid IMF assist uncertainty

The Pakistani rupee has depreciated by Rs 34 within the interbank since Thursday. Karachi: Money-strapped Pakistan’s foreign money fell to its lowest stage on Friday at Rs 262.6 in opposition to the US greenback within the interbank and open market. At one stage the foreign money fell as little as Rs 265 within the open … Read more

Pakistan’s forex dealing with money crunch hits document low of Rs 255 in opposition to greenback

The Pakistani rupee fell by Rs 24 and was buying and selling at Rs 255 in opposition to the US greenback New Delhi: In response to native media experiences, the Pakistan forex as we speak fell to a document low of Rs 255 in opposition to the US greenback. comes after the autumn Authorities dealing … Read more

Watch: Anand Mahindra makes use of India’s digital foreign money e-rupee to purchase fruits

Anand Mahindra is a frequent consumer of social media. Social media consumer Anand Mahindra, who incessantly updates his 10.2 million Twitter followers with attention-grabbing movies and messages, shared a brief video this time of a financial transaction with digital rupee (eR) at a vegetable vendor’s cart. He claimed in a tweet that he got here … Read more

FACT CHECK: Does writing something on financial institution forex notes make them invalid? here is the reality

New Delhi: We’re at all times apprehensive that writing on our 100, 200, 500 and 2000 rupee notes will make them invalid. Such rumors are unfold infrequently by studies and messages on social media platforms. Not too long ago, a message has been circulating for the previous few days claiming in regards to the new … Read more

Demonetisation: Foreign money in circulation rises 83% to Rs 32.4 lakh crore since 2016, reveals RBI knowledge

The Supreme Court docket on Monday upheld the federal government’s choice demonetisation, Nevertheless, for the reason that banning of high-denomination forex notes of Rs 500 and Rs 1,000 in 2016, the forex in circulation (CIC) within the nation has elevated by practically 83 per cent, in accordance with RBI knowledge. Prime Minister Narendra Modi The … Read more

NPS, financial institution locker, tax declaration, insurance coverage: 6 main adjustments in foreign money guidelines from January 1

The brand new yr brings new alternatives to make and comply with by on new resolutions. Cash issues are necessary and much more necessary is to remain up to date with any new monetary adjustments. These adjustments embody revised financial institution locker agreements, bank card reward factors, KYC procedures for insurance coverage insurance policies, and … Read more

Rupee in 2022: Indian forex to depreciate by 12% this yr; 2023 witness is predicted to get well

edited by: Mohammad Haris Final Replace: December 28, 2022, 10:45 IST A senior banker says that the rupee has seen its worst in 2022 and is prone to get well in 2023. The rupee declined in 2022 primarily attributable to strengthening US greenback, risk-averse sentiment amongst buyers and improve in geopolitical dangers attributable to battle … Read more

FED Chairman Jerome Powell Meets With FTX’s SBF in February 2022 Whereas the FED Is Investigating a Federal Digital Forex

FED Chairman Jerome Powell Meets With FTX’s SBF in February 2022 Whereas the FED Is Investigating a Federal Digital Forex Faucet right here so as to add The Western Journal to your private home display screen. Supply hyperlink

Rupee ends 2022 as worst performing Asian forex: Report

new Delhi: The Indian rupee ended 2022 because the worst-performing Asian forex, down 10.14%, its greatest annual decline since 2013, because the greenback responded to the US Federal Reserve’s aggressive financial coverage to scale back inflation. Emphasis on angle. The rupee ended the yr 2021 at 82.72 in opposition to the US forex, down from … Read more