{"id":8677,"date":"2023-09-28T07:45:39","date_gmt":"2023-09-28T07:45:39","guid":{"rendered":"https:\/\/news.pakistaninewspaperlist.com\/pkrs-bullish-run-against-dollar-continues-gains-by-another-rupee-in-interbank\/"},"modified":"2023-09-28T07:45:39","modified_gmt":"2023-09-28T07:45:39","slug":"pkrs-bullish-run-against-dollar-continues-gains-by-another-rupee-in-interbank","status":"publish","type":"post","link":"https:\/\/pakistaninewspaperlist.com\/news\/pkrs-bullish-run-against-dollar-continues-gains-by-another-rupee-in-interbank\/","title":{"rendered":"PKR\u2019s bullish run against dollar continues, gains by another rupee in interbank"},"content":{"rendered":"<p><\/p>\n<p>The rupee continued its gains on Thursday, rising by Rs1.12 against the greenback in the interbank market during morning trade.<\/p>\n<p>The dollar was changing hands for Rs287.63 at around 9:43am, according to the Forex Association of Pakistan. The previous day, it <a href=\"https:\/\/www.dawn.com\/news\/1778136\">closed at Rs288.75<\/a>, according to the State Bank of Pakistan\u2019s (SBP) daily update.<\/p>\n<p>In the open market, the USD was going for Rs288.5, according to the Exchange Companies Association of Pakistan (ECAP).<\/p>\n<p>The rupee has been appreciating for several weeks now, largely due to the <a href=\"https:\/\/www.dawn.com\/news\/1777784\">military-backed crackdown<\/a> on the illegal outflows of the dollar.<\/p>\n<p>Whether the trend will sustain is debatable.<\/p>\n<figure class=\"media  w-full  w-full  media--stretch  media--embed  media--uneven\">\n<div class=\"media__item  media__item--newskitlink  \">    {try{this.style.height=this.contentWindow.document.body.scrollHeight+&#8217;px&#8217;;}catch{}}, 100)&#8221;<br \/>\n        width=&#8221;100%&#8221; frameborder=&#8221;0&#8243; scrolling=&#8221;no&#8221; style=&#8221;height:400px;position:relative&#8221;<br \/>\n        src=&#8221;https:\/\/www.dawn.com\/news\/card\/1778293&#8243;<br \/>\n        sandbox=&#8221;allow-same-origin allow-scripts allow-popups allow-modals allow-forms&#8221;&gt;<\/div>\n<\/figure>\n<p>Analyst Khurram Husain has highlighted in an op-ed that during the PDM government\u2019s \u2018crackdown\u2019 of the exchange market amid dwindling dollar reserves, the rupee saw some gains, which were ultimately short term.<\/p>\n<p>\u201cThat brief spell of stability ended with a bang in January this year because the underlying reality of too many rupees chasing too few dollars had not changed,\u201d he writes.<\/p>\n<hr \/>\n<p><em>More to follow<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The rupee continued its gains on Thursday, rising by Rs1.12 against the greenback in the interbank market during morning trade. The dollar was changing hands for Rs287.63 at around 9:43am, according to the Forex Association of Pakistan. The previous day, it closed at Rs288.75, according to the State Bank of Pakistan\u2019s (SBP) daily update. In [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":8678,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","ast-disable-related-posts":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"fifu_image_url":"https:\/\/i.dawn.com\/large\/2023\/09\/2812362126443a2.jpg?r=123726","fifu_image_alt":"","footnotes":""},"categories":[13],"tags":[],"class_list":["post-8677","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-top-news"],"acf":[],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/pakistaninewspaperlist.com\/news\/wp-json\/wp\/v2\/posts\/8677","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/pakistaninewspaperlist.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/pakistaninewspaperlist.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/pakistaninewspaperlist.com\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/pakistaninewspaperlist.com\/news\/wp-json\/wp\/v2\/comments?post=8677"}],"version-history":[{"count":0,"href":"https:\/\/pakistaninewspaperlist.com\/news\/wp-json\/wp\/v2\/posts\/8677\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/pakistaninewspaperlist.com\/news\/wp-json\/wp\/v2\/media\/8678"}],"wp:attachment":[{"href":"https:\/\/pakistaninewspaperlist.com\/news\/wp-json\/wp\/v2\/media?parent=8677"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/pakistaninewspaperlist.com\/news\/wp-json\/wp\/v2\/categories?post=8677"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/pakistaninewspaperlist.com\/news\/wp-json\/wp\/v2\/tags?post=8677"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}