Friday, February 10, 2012
- Australia beat Sri Lanka by 5 runs, remain unbeaten in tri-series
- Blasts, firing near PTIs rally leave 7 injured in Swabi
- Imran says will shoot down drones if comes to power
- 25 killed, 175 injured in Syria blasts
- Aqib Javed resigns as bowling coach
- NATO supplies from Pakistani airspace never stopped: Pentagon
- 11 militants killed, 19 injured in Orakzai operation
- Mansoor Ijaz to record statement via videolink on Feb 22
- LHC adjourns hearing of petition against TCP
- Jamaat Ali Shah rejects treason charges
Rupee slightly weaker
KARACHI (Reuters) - In the currency market, the rupee was slightly weaker at 84.68/78 to the dollar, compared with Saturdays close of 84.65/75.
Dealers said there were few import payments in the market, and portfolio inflows had provided some support over recent days. The rupee ended at an all-time closing low last week and hit an all-time low of 85.15 last month.
Dealers said the rupee may firm in the event of more selling by exporters and if external flows started to come in. But the medium-term outlook remained weak.
The rupee has lost 0.45 percent against the dollar this year after losing 6.17 percent last year and a 22.12 percent slide in 2008.
Dealers said there were few import payments in the market, and portfolio inflows had provided some support over recent days. The rupee ended at an all-time closing low last week and hit an all-time low of 85.15 last month.
Dealers said the rupee may firm in the event of more selling by exporters and if external flows started to come in. But the medium-term outlook remained weak.
The rupee has lost 0.45 percent against the dollar this year after losing 6.17 percent last year and a 22.12 percent slide in 2008.
This news was published in print paper. Access complete paper of this day.
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