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Auto financing in Pakistan rises amid interest rate cuts
Auto financing witnessed a slight increase, reaching $847.63 million in December 2024 from $844.56 million in November, according to data from the State Bank of Pakistan (SBP). This marks a reversal of the negative trend seen in November, when financing declined from $850 million in October. For...
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Rupee hits record low for sixth day amid rising dollar demand
The Indian rupee weakened to its all-time low for the sixth consecutive trading session on Tuesday as a rise in US bond yields boosted the dollar and strong demand for the greenback from importers added to the lingering pressure on the local currency. The rupee declined to 85.2075 against the US...
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Rupee faces depreciation in Bangladesh
The Indian rupee has experienced a decline both in the international market and in Bangladesh. Despite normal dollar sales in the open market on Wednesday, exchange houses reported a lack of buyers for the Indian rupee. Over the past week, the rupee has depreciated by 4-5 paise against the...