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Finance & Markets

Rupee gains ground against dollar

The Rupee on Thursday appreciated by 3 paisa against the US Dollar in interbank trading and closed at Rs 277.17, compared to the previous day’s closing of Rs 277. 20. According to the Forex Association of Pakistan (FAP), the buying and selling rates of the dollar in the open market were recorded at Rs 278 […]

We haven't written up this one. Daily Times has the full story — the link below goes straight to it.

Read the original at dailytimes.com.pk →

More in Finance & Markets

Soaring Freight Costs Make Japan’s Crude Imports the World’s Most Expensive

Oil is increasingly getting more expensive before it even reaches a refinery. Freight now accounts for roughly a fifth of the cost of a crude cargo, turning the tanker market into a major driver of…

  • Freight costs now make up a fifth of Japan's crude import price
  • Tanker market, especially VLCCs, suffers from stranded supplies
  • Strait of Hormuz adds $15-20/bbl to shipping costs

More from Thursday 24 September →