This is the class blog for Busn170 taught at FCC 2008. All students are required to make at least one meanningful post or comment per week.

Monday, January 19, 2009

Dollar against rupee up by paisa 22

KARACHI: The value of dollar against rupee in the inter-bank market went up by paisa 22, as dollar closed at Rs79.60 today.Forex market dealers said that the demand for dollar swelled up due to flight of foreign capital from the stock market. Forex Association of Pakistan president, Malik Bostan told Geo News that the expatriate Pakistanis remittances were also seen somewhat shrunk, which pushed the rupee under pressure. On the other hand, dollar .... Full Story

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