US Dollar/Dirhams into Rupees

Non Wheels Discussions

zakeiiii (zakeiiii) 2008-10-19 09:06:00 +0600 #41

@2c,
Thanks brother

2c (2c) 2008-10-19 13:13:00 +0600 #42

welcome

s55 (s55) 2008-10-20 03:20:00 +0600 #43

Today it's going up again.
CAD 72 73
Yuan 12.3 12.5
EUR 114.5 115.5
SR 22.4 22.7
UAE 23.2 23.5
GBP 147 148
USD 85 86

ToofaneBatameezi (ToofaneBatameezi) 2008-10-20 06:43:00 +0600 #44

I told my colleagues a week back when dollar was at 79 ..that it wont cross the 86 mark(Am not a najoomi just did some working)!!If it does then SBP will take overnight decision like it did and bring it back down....

You may never know that GOV is keeping the dollar like this in order to de-motivate the importer and help the exporter!!We have no inside man ..all intel we get is based on Press...INSHAALLAH future is bright..ALLAH ka shukar we are a nuclear state so the butterfly effect as named by journalists can't be thrown at us ...

zakeiiii (zakeiiii) 2008-10-20 06:54:00 +0600 #45

Well done by Central Bank,

Central Bank rescues rupee from free fall

Updated at: 1159 PST, Monday, October 20, 2008 (source Geo News)
KARACHI: The Central Bank’s intervention for giving support to the free falling rupee in the money market helped it somewhat recover against dollar in the money market here.

Sources said that the State Bank of Pakistan has injected dollars into the market for giving support to the alarmingly weakening rupee and help stabilize it against the robust dollar. Following this intervention of the Central Bank, the value dollar recording gradual fall, which has become cheaper by R2.75 per dollar.

s55 (s55) 2008-10-20 06:57:00 +0600 #46

@ToofaneBatameezi
My 6th sense says that this step of state bank is just to bring back the confidence of people. They just want people to believe that dollar is now going down adn people will start to sell their dollars to gain some benefit. However this control is just for few days and dollar will start to shoot again in few days. State bank is more in need of dollars then people.
I can be wrong but that's what I think, comments are most welcome.

ToofaneBatameezi (ToofaneBatameezi) 2008-10-20 07:57:00 +0600 #47

The fear you have stated in words is not incorrect ...This similar fear is the reason of locking up of KSE!!On 27th of OCT when KSE unlocks ...2000-3000 points are said to just vanish!!In those point foreign investors will redeem as well!! - Now we should have enough reserve to cater these redemption hence avoid a free-fall/default/credit crunch!!Let's see and pray..everything goes positive on monday 27th OCT rather then negative!!
And most of all I receommend apeople to get known to the term's i.e. "Credit Crunch" "Default" etc....coz mostly know no shit and machar pey machar maartay rehtay hayn hence rumour is need of a sprak!!

zakeiiii (zakeiiii) 2008-10-20 10:08:00 +0600 #48

Today, at the end business hours, dollar was trading at 81.2 against rupees.
(Y)

pixelzeesh (pixelzeesh) 2008-10-22 11:30:00 +0600 #49

Updated at:10/22/2008 6:09:47 PM(PST)
CAD 66 66.5
Yuan 12.1 12.3
EUR 106.6 107.6
SR 21.95 22.25
UAE 22.6 23.1
GBP 135.5 136.5
USD 83 84

s55 (s55) 2008-10-22 11:54:00 +0600 #50

It will got up again I am sure of that. State bank's steps will resist for few days only.

onetwothree (onetwothree) 2022-02-14 16:53:26 +0500 #51

Ur typo error -cum- predictions comes true after 14 years. Lol🤣🤣🤣

Hassan1991 (Electrical Engineer ) 2022-02-15 00:28:47 +0500 #52