|
You are here : Home >> Currency Street >> Report |
|
|
| |
Pak forex reserves down to $14.23 billion |
| |
|
|
| |
Pakistan’s foreign exchange reserves fell to $14.23 billion in the week that ended on October 31 from $14.43 billion the previous week.
In a statement issued here, Pakistan’s central bank, State Bank of Pakistan said reserves held by it were $10.64 billion, down from $10.86 billion a week earlier, while those held by commercial banks rose marginally to $3.59 billion from $3.57 billion the previous week.
24-Hour Online Forex Trading. Start with FREE practice account
Foreign reserves hit a record high of $16.5 billion in October 2007, but fell steadily to $6.6 billion by November last year -- largely because of a soaring import bill.
An International Monetary Fund emergency loan package of $7.6 billion agreed in November helped avert a balance of payments crisis and shore up reserves.
The IMF, which increased the loan to $11.3 billion in July, has disbursed more than $5 billion.
|
|
|
| |
|
|
|
|
|
|
|
|
|
|
| Technical Calls |
|
| |
Silver in great demand as gold price soars |
| |
Thus the bull market may have put gold out of reach for many consumers. And that may account for some of the renewed interest in "the poor man's gold" – silver. Since Monday this week, silver has made its first significant break-out move – relative t |
 |
| |
Gold prices soar to record high in Indian market |
| |
There seems to be no end to the surge in the gold prices in Indian bullion market. Even though, gold sales have fallen by 48% in the third quarter in India, gold prices continue to soar in the wake of surging yellow metal prices in the global market. |
|
| |
Dollar investors bring down gold, silver prices |
| |
Gold slipped again for Dollar investors early in London on Friday, nearing the weekend 1.7% above last week's finish as commodities fell, government bonds rose, and world stock markets dropped. Gold priced in the British Pound Sterling hit a new all- |
|
|
More> |
|
|
|
|
|
| |
|
| |
Crude oil futures continued to trade down in mid London trade Friday as the US dollar strengthened against the major currencies apart from a dip in the global equities. |
 |
| |
|
| |
Gold futures fell in negative zone as dollar gathered some strength in mid London trades. Dollar typically strengthens when there are less data releases from US. |
|
| |
|
| |
MCX Comdex was up by 2.35% to 2694.17. MCX Energy was down by 0.22% to 2651.55, MCX Metal was up by 3.70% to 3226.02 and MCX Agri was up by 4.84% to 2255.10. |
|
|
More> |
|
|
|
|
|
| 
FeedBurner
