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Rupee expected to depreciate to 87 per dollar by July-end: BS Poll
The rupee settled at 86.59 per dollar on Friday. Crude oil prices remain a significant idiosyncratic risk for the rupee, said market participants Anupreksha Jain Mumbai Listen to This Article After depreciating 1.29 per cent against the dollar this financial year, the rupee is expected to weaken more because of West Asian military conflicts, with the expectation that prices of crude oil will rise. According to a Business Standard poll, the majority of the respondents expect the rupee to depreciate to 87 a dollar by the end of July. However, the local currency is seen regaining ground against the greenback by the end of September. The rupee settled at 86.59 on Friday. Crude oil prices remain a significant 'idiosyncratic' risk for the rupee, said a market participant. A spike in


Express Tribune
4 minutes ago
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Only state can declare jihad, not individuals or groups: DG ISPR
Listen to article Inter-Services Public Relations (ISPR) Director General Lt General Ahmed Sharif Chaudhry said that only the state has the authority to declare jihad and that no individual or group can claim this right, the military's media wing reported on Sunday. According to a statement issued by the ISPR, Lt Gen Chaudhry held a special meeting in Karachi with representatives of various religious and social communities, engaging in discussions focused on national unity and harmony. He emphasised that ethnic or linguistic hatred is a form of ignorance. 'All citizens of Pakistan, regardless of their faith, are equal under the Constitution and enjoy full rights. National unity is only sustained through equality and harmony, If we remain united, no force can defeat us,' he said. Addressing the country's security challenges, he stated, 'India is backing terrorism inside Pakistan. The Pakistan Army is responding with modern warfare strategy and full preparedness.' The participants warmly welcomed the army spokesperson, expressed strong solidarity with the Pakistan Army and appreciated the DG ISPR's initiative, describing the dialogue as valuable. They also expressed a desire for such interfaith and inter-community discussions to continue regularly, the statement concluded.


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Violet Crown transforms into Sky Cinemas, adds second location with unique offerings
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