{"id":109464,"date":"2021-04-09T15:48:39","date_gmt":"2021-04-09T14:48:39","guid":{"rendered":"https:\/\/currencylive.com\/news\/?p=109464"},"modified":"2021-04-09T16:28:49","modified_gmt":"2021-04-09T15:28:49","slug":"105572-usd-pkr-rupee-pares-edges-lower-foreign-exchange-reserves-fall","status":"publish","type":"post","link":"https:\/\/currencylive.com\/news\/105572-usd-pkr-rupee-pares-edges-lower-foreign-exchange-reserves-fall\/","title":{"rendered":"USD\/PKR: Rupee Pares Edges Lower, Foreign Exchange Reserves Fall"},"content":{"rendered":"<ul>\n<li><strong><a href=\"https:\/\/currencylive.com\/exchange-rate\/pkr-pakistani-rupee-live-exchange-rate\/\">Pakistan Rupee<\/a> (PKR) edges lower paring gains<\/strong><\/li>\n<li><strong>Pakistan\u2019s foreign exchange reserves decline 0.75%<\/strong><\/li>\n<li><strong><a href=\"https:\/\/currencylive.com\/exchange-rate\/usd-us-dollar-live-exchange-rate\/\">US Dollar<\/a> (USD) trades higher across the board<\/strong><\/li>\n<li><strong>US PPI inflation jumps<\/strong><\/li>\n<\/ul>\n<p>The US Dollar Pakistan Rupee (<a href=\"https:\/\/currencylive.com\/\">USD\/PKR<\/a>) exchange rate is advancing on Friday snapping a two day losing streak. The pair settled -0.15% lower in the previous session at 152.06. At 15:30 UTC, USD\/PKR trades +0.47% at 152.77. The pair is on track to lose 1.3% across the week, the third straight week of losses.<\/p>\n<p>The Pakistan Rupee heads lower, despite domestic equities jumping northwards. The Benchmark Karachi 100 rallied for a second straight session on Friday adding 1% to yesterday\u2019s 1.8% gains on optimism surrounding the upcoming\u00a0 corporate earning season.<\/p>\n<p>Separately, Pakistan has agreed to meet a list of conditions to remain on the $6 billion IMF programme. However, Pakistan\u2019s economic endurance depends on the continuation of a $11 billion lifeline from China.<\/p>\n<p>Pakistan\u2019s foreign exchange reserve fell by $157 million or 0.75% to record at $20.679 billion in the week ending April 2.<\/p>\n<p>The US Dollar is trading higher across the board. The US Dollar Index, which measures the greenback versus a basket of major currencies trades +0.2% at the time of writing at 92.24. Despite today\u2019s gains, the US Dollar is hovering around a two week low and is set for its largest weekly loss since mid-December.<\/p>\n<p>The US Dollar is trading on the front foot following strong inflation data. The Producer Price Index (PPI) which measures inflation at wholesale level jumped 1% month on month in March, up from 0.5% in February and double the 0.5% forecast.<\/p>\n<p>On an annual basis, inflation jumped 4.2% in March, up from 2.8% and well ahead of the 3.5% forecast.<\/p>\n<p>The data revealed that prices grew at the fastest clip in 9.5 years, fitting in with expectations of higher inflation as the US economy reopens.<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Pakistan Rupee (PKR) edges lower paring gains Pakistan\u2019s foreign exchange reserves decline 0.75% US Dollar (USD) trades higher across the board US PPI inflation jumps The US Dollar Pakistan Rupee (USD\/PKR) exchange rate is advancing on Friday snapping a two day losing streak. The pair settled -0.15% lower in the previous session at 152.06. At [&hellip;]<\/p>\n","protected":false},"author":163946598,"featured_media":82321,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1863,1381],"tags":[1864,1398,1866],"class_list":{"0":"post-109464","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-pkr","8":"category-usd","9":"tag-pkr","10":"tag-usd","11":"tag-usd-pkr"},"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.6 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>USD\/PKR: Rupee Pares Edges Lower, Foreign Exchange Reserves Fall - Currency Live<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/currencylive.com\/news\/105572-usd-pkr-rupee-pares-edges-lower-foreign-exchange-reserves-fall\/\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Ileana Ionescu\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/105572-usd-pkr-rupee-pares-edges-lower-foreign-exchange-reserves-fall\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/105572-usd-pkr-rupee-pares-edges-lower-foreign-exchange-reserves-fall\\\/\"},\"author\":{\"name\":\"Ileana Ionescu\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#\\\/schema\\\/person\\\/3d5cb0a6a22d357fc0b9ad562f35e75b\"},\"headline\":\"USD\\\/PKR: Rupee Pares Edges Lower, Foreign Exchange Reserves Fall\",\"datePublished\":\"2021-04-09T14:48:39+00:00\",\"dateModified\":\"2021-04-09T15:28:49+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/105572-usd-pkr-rupee-pares-edges-lower-foreign-exchange-reserves-fall\\\/\"},\"wordCount\":303,\"image\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/105572-usd-pkr-rupee-pares-edges-lower-foreign-exchange-reserves-fall\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/currencylive.com\\\/news\\\/wp-content\\\/uploads\\\/2019\\\/11\\\/usd-pkr-exchange-rate.jpg\",\"keywords\":[\"pkr\",\"usd\",\"usd\\\/pkr\"],\"articleSection\":[\"PKR\",\"USD\"],\"inLanguage\":\"en-US\",\"copyrightYear\":\"2021\",\"copyrightHolder\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/105572-usd-pkr-rupee-pares-edges-lower-foreign-exchange-reserves-fall\\\/\",\"url\":\"https:\\\/\\\/currencylive.com\\\/news\\\/105572-usd-pkr-rupee-pares-edges-lower-foreign-exchange-reserves-fall\\\/\",\"name\":\"USD\\\/PKR: Rupee Pares Edges Lower, Foreign Exchange Reserves Fall - 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