06 July 2015

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THE RUPEE: slight rise

The rupee inched up against the dollar on the money market on Tuesday in the process of trading, they said. The rupee recovered more five-paisa in relation to the dollar for buying and selling at Rs 101.85 and Rs 101.87 respectively, they said.INTERBANK MARKET RATES: OPEN MARKET RATES: The rupee held the overnight level versus the dollar for buying Rs 102.90 while it picked up five-paisa for selling at Rs 103.15, however it lost 55-paisa in terms of the euro for buying and selling at Rs 113.25 and Rs 114.25, they added.In the second Asian trade, the dollar hovered at fresh 12-1/2 year highs against the

Petroleum price soars

ISLAMABAD: Government raised petroleum prices by three rupee,Ishaq Dar, Finance Minister said that government has not fulfilled the complete request of ‘Oil and Gas Regulatory Authority’.After the addition of three rupees, petrol will be available on new price of 77.79 rupees per liter, high speed diesel 87.12 rupees, high octane 83.81 and kerosene oil on 64.94 rupees per liter.Dar further added that Nawaz Sharif, Prime Minister of Pakistan has decided not to put burden on consumer and has subsidized the

Asia stock markets mostly higher, China at 7-year high

HONG KONG (AP) Most Asian stock indexes rose Friday, with China s benchmark at its highest in seven years, after Wall Street eked out another record close.KEEPING SCORE: Japan s Nikkei 225 index edged 0.1 percent lower to 20,172.15 and South Korea s Kospi rose 0.5 percent to 2,134.11. Hong Kong s Hang Seng advanced 1.2 percent to 27,863.25. The Shanghai Composite Index in mainland China jumped 1.9 percent to 4,616.32, the highest level since 2008. Australia s S&P/ASX 200 dipped less than 0.1

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