Hotline: 1800 102 2007
Hotline: 1800 102 2007
Search Business Opportunities
2011-05-24

Pakistani rupee falls

The rupee was trading at 86.20/30 to the dollar at 9:54 a.m. (0452 GMT), compared with its previous record low of 86.40 on Saturday.

The Pakistan rupee fell to a record low of 86.50 to the US dollar on Monday on increased demand for dollars for import payments and concerns that growing tensions with the West could choke off much needed foreign aid.

A major attack by militants on a naval aviation base in Karachi further weakened sentiment on the local currency, adding to the country's reputation for instability, traders said.

The rupee was trading at 86.20/30 to the dollar at 9:54 a.m. (0452 GMT), compared with its previous record low of 86.40 on Saturday.

Concerns over a reduction in foreign aid have flared since US special forces found and killed al-Qaida leader Osama bin Laden early this month in a home near the Pakistani capital.

 

Related opportunities
  • About Us: The Louis Unisex Salon is an exclusive Global Circle..
    Locations looking for expansion Uttar Pradesh
    Establishment year 1990
    Franchising Launch Date 2015
    Investment size Rs. 5lac - 10lac
    Space required 500
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Noida Uttar Pradesh
  • Quick Service Restaurants
    About Us: Established in 2012, formed in the trend setting street..
    Locations looking for expansion Delhi
    Establishment year 2012
    Franchising Launch Date 2018
    Investment size Rs. 20lac - 30lac
    Space required 250
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater New delhi Delhi
  • Pharmacies
    About Us: Pharmatree is a successful brand promoted by industry experts..
    Locations looking for expansion Karnataka
    Establishment year 2007
    Franchising Launch Date 2018
    Investment size Rs. 10lac - 20lac
    Space required 200
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Bangalore Karnataka
  • About Us: Euro India Fresh Foods Ltd is a ISO 22000:2005..
    Locations looking for expansion Gujarat
    Establishment year 2009
    Franchising Launch Date 2018
    Investment size Rs. 10000 - 50 K
    Space required 400
    Franchise Outlets -NA-
    Franchise Type -NA-
    Headquater Ahmedabad Gujarat
Insta-Subscribe to
The Franchising World
Magazine
For hassle free instant subscription, just give your number and email id and our customer care agent will get in touch with you
OR Click here to Subscribe Online
Daily Updates
Submit your email address to receive the latest updates on news & host of opportunities

Free Advice - Ask Our Experts