The Russian rouble suffered its worst week against the dollar this year, tumbling on a lack of foreign currency in Moscow and the sale of Western businesses in Russia. The rouble dipped more than 2 percent against the US dollar to an intraday low of 83.50, its weakest since April last year. Moreover, it fell more than 2 percent against the euro to an intraday low of 91.32.

Leave a Reply

Your email address will not be published. Required fields are marked *

You May Also Like

Gold price drops despite devaluation of rupee

Karachi: On Wednesday, gold price in Pakistan dropped by Rs1,200 per tola…

Rupee gains 94 paisas against dollar

Islamabad: The Pakistan rupee appreciated by 94 paisa against the dollar in…

In a first, Pakistan starts export of SUVs to Africa

Master Changan Motors Ltd (MCML), a joint venture between Pakistan’s Master Group…

Weekly inflation jumps to 38.4pc

According to the Pakistan Bureau of Statistics (PBS) showed on Friday, short-term…