MUMBAI: The Indian rupee slipped 62 per dollar in early trade on Monday, down 31 paisa compared to Friday’s closing value of 61.69 a dollar. Agam Gupta, Standard Chartered said, “The US Jobs data release on Friday was very strong which has led to a bout of Dollar strength against all currencies. We expect the USD-INR to trade in the range of Rs 61.80-62.20/USD.” “Local govt-owned banks will continue to buy dollars on any dips till Rs 61.80-61.85/USD. We expect selling to emerge from exporters on any upticks towards Rs 62.15-62.20/USD,” he adds.
Pakistan to get $3b loan from Islamic Trade Financing Corporation
ISLAMABAD: Islamic Trade Financing Corporation (ITFC) to provide Pakistan with a $3 billion loan, according to an official statement released...
