KARACHI: The rupee made a gain of 6.25 per cent against the dollar during fiscal year 2020/2021 when compared with preceding year. The exchange rate ended at Rs157.54 to the dollar on Wednesday to close the fiscal year 2020/2021. The exchange rate was at Rs168.05 on June 30, 2020. The gain in rupee value may … Read more
KARACHI: The rupee recovered 48 paisas against the dollar on Tuesday, owing to inflows of foreign receipts, dealers said. The exchange rate ended at Rs157.74 against the greenback, compared with the previous day’s closing of Rs158.22 in the interbank foreign exchange market. The dealers said the market witnessed sufficient supply of the dollars during the … Read more
KARACHI: The rupee posted a decline of 60 paisas against the dollar on Monday, owing to the higher demand for the foreign payment on the first day of the week, dealers said. The exchange rate ended at Rs158.22 against the greenback from last Friday’s closing of Rs157.62 in the interbank foreign exchange market. The currency … Read more
KARACHI: The rupee/dollar parity is likely to move range-bound next week, owing to the demand for import and corporate payments, besides inflows of export receipts and workers remittances. The currency experts said that the exchange rate would depend on the demand for import and corporate payments. Usually, by the end of the fiscal year, the … Read more
KARACHI: The rupee gained 6 paisas against the dollar on Friday, amid demand for the foreign currency ahead of the weekly holidays, dealers said. The exchange rate ended at Rs157.62 against the greenback, compared with the last day’s closing of Rs157.68 in the interbank foreign exchange market. The dealers said the market witnessed demand for … Read more
KARACHI: The rupee recovered 85 paisas against the dollar on Thursday, breaking the five-day losing streak, dealers said. The exchange rate ended at Rs157.68 against the dollar from the previous day’s closing of Rs158.53 in the interbank foreign exchange market. [amazonad] The currency dealers said the market had witnessed a sufficient supply of foreign currency … Read more
KARACHI: The Pakistan Stock Exchange (PSX) witnessed another turbulent session on Wednesday, where the market settled yet again in the red zone, as rising oil prices and the rupee depreciation remained the prime source of concern for the participants. An analyst at Arif Habib Limited said another range-bound session was witnessed at the bourse that … Read more
KARACHI: The rupee continued its downward movement for the fifth consecutive day, as it lost 34 paisas against the dollar on Wednesday, dealers said. The local currency declined due to the persistent rise in the demand for the foreign currency for import and corporate payments, they said. [amazonad] The exchange rates ended at Rs158.53 against … Read more
KARACHI: The rupee touched the four months low of Rs158.19 against the US dollar on Tuesday, as the demand for the foreign currency remained high for import and corporate payments, dealers said. The exchange rate ended at Rs157.51 against the dollar in the interbank foreign exchange market on Monday. The rupee was at Rs158.10 against … Read more
KARACHI: The rupee is likely to remain under pressure against the US dollar next week on expected demand for import and corporate payments. Currency experts said the demand for the foreign currency would increase during the remaining days of the current month due to the closing of the fiscal year. They said by the end … Read more
KARACHI: The rupee lost 15 paisas against the US dollar on Friday, owing to the weekend demand for import and corporate payments, dealers said. The exchange rate closed at Rs156.89 against the dollar from the previous day’s closing of Rs156.74 in the interbank foreign exchange market. Dealers said the demand for the greenback remained high … Read more
KARACHI: The rupee recovered 22 paisas against the US dollar on Thursday after the money market saw a sufficient supply of the foreign currency, dealers said. The exchange rate ended at Rs156.74 against the dollar from the previous day’s closing of Rs156.96 in the interbank foreign exchange market. The dealers said the rupee made gains, … Read more
KARACHI: The rupee continued its downward trend against the US dollar on Wednesday, owing to the rising demand for foreign payments, dealers said. The exchange rate ended at Rs156.96 against the dollar, compared with Rs156.79 in the interbank foreign exchange market. The rupee lost Rs1.22 against the foreign currency during the last four trading sessions, … Read more
KARACHI: Inflows of workers’ remittances and export receipts may help the rupee remain stable next week, despite higher demand for import and corporate payments. The remittances grew to a record high of $26.7 billion during the first 11 months (July-May) 2020/2021, compared with $20.66 billion in the same period of the last fiscal year, showing … Read more
KARACHI: The rupee weakened by 23 paisas against the US dollar on Thursday, as the market men await the announcement of the Federal Budget 2021/2022. The exchange rate closed at Rs155.92 against the dollar from the previous day’s closing of Rs155.69 in the interbank foreign exchange market. Dealers said the importers were seen buying the … Read more
KARACHI: The rupee extends losses against the US dollar on Tuesday, as the demand for the foreign currency rose for import and corporate payments, dealers said. The rupee fell 47 paisas to close at Rs155.78 against the greenback from the previous day’s closing of Rs155.31 in the interbank foreign exchange market. The local currency lost … Read more
KARACHI: The rupee lost 69 paisas against the dollar due to higher demand for import payments, dealers said on Monday. The exchange rate ended at Rs155.31 to the dollar from the last Friday’s closing of Rs154.62 in the interbank foreign exchange market. The dealers said the high international oil prices also impacted the exchange rate. … Read more
Weekly Review: Rupee – The money market is expected to maintain its current level against the dollar next week due to reports on the back of positive sentiments of various relief measures regarding duty and taxes in the forthcoming budget 2021/22. The government is scheduled to announce the Federal Budget 2021/22 on June 11 (Friday). … Read more
The value of the Rupee is increasing as it has become one of the best performing currencies in Asia. According to the Bloomberg Index, Indonesia ranks first, South Korea second, and the Pakistani rupee ranks third. As per the details given by the dealers, the rupee has appreciated by 3.1% from October 1st. The Indonesian … Read more
The exchange rate of Pakistani rupee declined by 92 paisa against the US dollar in the interbank on Tuesday. The greenback is being traded at Rs 165 on the second day of the business week. In four days, the dollar became expensive by 4 rupees 8 paisa. According to Forex dealers, Banks bought dollars to … Read more
The US dollar today (April 30) decreased by Rs 1.44 in the interbank market. According to the details, comparing to the last opening value of Rs 161.61, the slipped represented a loss of 0.89 per cent. Tresmark’s analyst Eman Khan said that there was a break after two days of hot money outflows. Petrol prices … Read more
Rupee witnesses stability on the last day of the business week. On Friday US dollar traded at Rs 154.47 against Rupee in the inter bank market. Earlier The rupee strengthened against the dollar in the interbank market on Thursday on healthy supplies and weak demand from importers, The local currency closed at 154.47 to the … Read more
Dollar decreases 2 paisas against Rupee in the inter bank market on the third day of the business week. According to details, Dollar Decreases on Wednesday, Dollar traded at Rs 154.58 from Rs 154.60 closed yesterday. Earlier The local currency closed at 154.60 against the greenback, compared with the Monday’s closing of 154.59. Dealers said … Read more
Inter bank Market on Tuesday witnessed an increases in Dollar against Rupee with 3 paisas and traded at 154.88 paisas. The rupee ended almost firmer against the dollar in the interbank market on Monday. The local currency closed at 154.85 against the greenback, compared with the Friday closing of 154.83. Remittances from Pakistani workers abroad … Read more
Rupee strengthened against dollar at 154.90 in inter bank market on the first day of business week. Moreover, bullion witnessed in the stock market as business starts on Monday. According to the details, The rupee strengthened against the dollar by 13 paisas. It was closed at 155.03 on Friday, but traded at 154.90 today. On … Read more
The exchange rate of the US dollar against rupee decreased by 05 paisa in the inter bank and was traded at Rs. 155.04 According to the details, on the last day of the business week, the rupee strengthens against the all-time high dollar by 05 paisas. The dollar which was trading at 155.09 is now … Read more
On Thursday, the dollar increases by one paisa against the Rupee in the interbank market. According to the details, in the interbank market, currently, the US dollar is being traded at 155.33 Rs. Yesterday the rupee closed at 155.32 against the Pakistani rupee, compared with the previous closing of 155.33. In the open market, the … Read more
Prime Minister Imran Khan addresses in Islamabad here on Wednesday (Today). PM Imran said that I welcome the Chinese companies to invest in Pakistan. Glad that now the tyres will be made in Pakistan also. According to the details, PM addressed a ceremony in Islamabad, saying that we are glad to announce that tyres will … Read more
