Hotline: 1800 102 2007
X
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
  • Bakery & Confectionary
    About Us: tylish & quaint, Sassy Teaspoon is the quintessential go-to..
    Locations looking for expansion Maharashtra
    Establishment year 2000
    Franchising Launch Date 2018
    Investment size Rs. 10lac - 20lac
    Space required 100
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Mumbai Maharashtra
  • About Us:  MBTA (Mahesh Bhupathi Tennis Academy) was founded in 2006,..
    Locations looking for expansion Karnataka
    Establishment year 2006
    Franchising Launch Date 2017
    Investment size Rs. 50lac - 1 Cr.
    Space required 2000
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Bangalore Karnataka
  • Associate with the leading brand in Olympiad Examination in schools. Global..
    Locations looking for expansion Delhi
    Establishment year 2014
    Franchising Launch Date 2018
    Investment size Rs. 10000 - 50 K
    Space required -NA-
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater New delhi Delhi
  • Join hands with Smart school Education Pvt Ltd and be..
    Locations looking for expansion New Delhi
    Establishment year 2011
    Franchising Launch Date 2014
    Investment size Rs. 2lac - 5lac
    Space required 1500
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater North West Delhi New Delhi
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