The Pakistani rupee (PKR) ended the day with losses against the US Dollar (USD), closing at 278. The interbank exchange rate remained between 278 and 279/$ throughout the day. The PKR was red against all of the other major currencies in the interbank market today. The Pakistani rupee (PKR) ended the day with losses against … Read more
Pakistani rupee expected to depreciate against the US dollar. Experts predict a depreciation of Rs2-3 per dollar. Rupee has depreciated three times more than its peers’ currencies. Experts predict that the Pakistani rupee may depreciate against the US dollar in July due to increased imports, as per reports on Sunday. The rupee, expected to remain … Read more
The Pakistani rupee fall down to a new record low against the US Dollar today, making history after opening trade at 296 in the interbank market. At noon, the market wasn’t doing well. Prices dropped to as low as 300, falling by about Rs. 4 compared to the dollar. This was because the market was … Read more
Pakistani rupee shows resistance against the greenback, gaining marginal gains in the inter-bank market. Information from the State Bank of Pakistan reveals that the domestic currency experienced an increase of Rs0.45, reaching a final value of 287.46 as compared to the previous trading sessions. During those sessions, the rupee had been losing ground against the … Read more
The Pakistani rupee lost further ground against the US Dollar during intraday trade today after opening trade at 287.1 in the interbank market. At noon, the market sentiment was bearish as the currency fell to as low as 290 against the greenback, experiencing a decline of around Rs. 2. Between 12:30 PM and 1:15 PM, … Read more
ISLAMABAD: Pakistani Rupee on Tuesday witnessed Rs3.78 devaluation against the US Dollar in the interbank trading as it closed at Rs283.04 against the previous day’s closing of Rs279.26. However, according to the Forex Association of Pakistan (FAP), the buying and selling rates of dollars in the open market stood at Rs281 and Rs284.2 respectively. … Read more
In interbank market, greenback gained 60 paisas, traded at Rs280. On Monday, the KSE-100 index surged over 200 points to reach 44,440 points. On Thursday, the rupee had gained 37 paisas against the dollar. The US dollar extended its three-day winning streak and continued to gain strength against rupee during the first day of the … Read more
KARACHI: Dealers in currency market say the rupee is expected to stay stable next week as the market hopes for the approval of Pakistan’s bailout package by IMF Executive Board on July 12. The dealers hope that the IMF may approve the package during its Executive Board meeting on July 12 and that $1.1 billion … Read more
Greenback trades at Rs275 at opening of the interbank market. Shortly afterward, its value recovered to a decline of Rs11. On Monday, the trading session commenced with the US currency losing value against the rupee by Rs5. In a significant development within the local interbank trade, the US dollar faced a substantial setback against the … Read more
KARACHI: The rupee slipped Rs1.58 against the dollar on Tuesday, owing to the fears of a delay in the loan programme under the International Monetary Fund (IMF), dealers said. The rupee ended at Rs261.50 against the greenback from the previous day’s closing of Rs259.92 in the interbank foreign exchange market. The dealers said the reports … Read more
KARACHI: The rupee continued to gain against the dollar on Thursday on the expected inflows from China to shore up the country’s foreign exchange reserves, dealers said. The rupee gained 97 paisas to close at Rs260.93 against the greenback from the previous day’s closing of Rs261.90 in the interbank foreign exchange market. The dealers said … Read more
KARACHI: The rupee appreciated 61 paisas against the dollar on Wednesday, as the market is expecting inflows from friendly countries; following approval of the International Monetary Fund (IMF) loan programme, dealers said. The rupee closed at Rs261.90 against the greenback from the previous day’s closing of Rs262.51 in the interbank foreign exchange market. The local … Read more
KARACHI: The rupee eased by 63 paisas against the dollar on Tuesday, owing to shrinking foreign exchange reserves, dealers said. The rupee closed at Rs262.51 against the greenback from the previous day’s closing of Rs261.88 in the interbank foreign exchange market. The dealers said a delay in the International Monetary Fund (IMF) programme, despite measures … Read more
KARACHI: The rupee recovered another Rs1.96 against the dollar on Wednesday, as the government initiated measures to comply with the conditions of the International Monetary Fund (IMF), dealers said. The rupee closed at Rs265.38 against the greenback, compared with Tuesday’s closing of Rs267.34 in the interbank foreign exchange market. The local unit recovered Rs11, or … Read more
KARACHI: The local currency made sharp gains of Rs2.10 against the dollar on Tuesday, despite a massive fall in the foreign inflows, including remittances and exports, dealers said. The rupee closed at Rs267.34 against the greenback from the previous day’s closing of Rs269.44 in the interbank foreign exchange market. The dealers said reportedly the government … Read more
KARACHI: The rupee continued to make a sharp recovery against the dollar for the second straight day on Thursday. The rupee gained Rs2.82 against the dollar to close at Rs270.51 from the previous day’s closing of Rs273.33 in the interbank foreign exchange market. The local unit recovered Rs5.77, or 2.1 per cent, during the last … Read more
KARACHI: The dollar continued to make gains on Thursday and reached a new record high of Rs271.36 at the closing of the interbank foreign exchange market, dealers said. The rupee lost Rs2.53 to close at Rs271.36 against the greenback from the previous day’s closing of Rs268.83 in the interbank foreign exchange market. Previously, the rupee … Read more
KARACHI: The rupee resumed falling spree against the dollar on Wednesday after making a recovery a day ago; following a sharp decline in the interbank foreign exchange market, dealers said. The rupee lost 74 paisas to end at Rs268.63 against the greenback from the previous day’s closing of Rs267.89 in the interbank foreign exchange market. … Read more
KARACHI: The rupee recovered against the dollar on Tuesday, as the authorities have begun talks with the International Monetary Fund (IMF) for the resumption of the loan programme under the Extended Fund Facility (EFF), dealers said. The rupee recovered Rs1.74 to end at Rs267.89 against the dollar from the previous day’s closing of Rs269.63, which … Read more
KARACHI: The rupee recorded another sharp decline against the dollar on Monday and reached a new all-time low of Rs269.63 in the interbank foreign exchange market, dealers said. The rupee recorded a decline of Rs7.03 to end at Rs269.63 from last Friday’s closing of Rs262.60 in the interbank foreign exchange market. The local unit fell … Read more
KARACHI: The rupee hit the all-time low against the dollar on Friday, amid narrowing foreign exchange reserves, besides the government’s decision to lift the cap on the exchange rate, dealers said. The exchange rate shed Rs7.17 to close at Rs262.60 from the previous day’s closing of Rs255.43 against the greenback in the interbank foreign exchange … Read more
KARACHI: The rupee tumbled to an all-time low of Rs255.43 against the dollar on Thursday after recording a historic single day fall of Rs24.54 at the closing of the interbank foreign exchange market, dealers said. The local currency depreciated against the greenback after the government agreed to the conditions of the International Monetary Fund (IMF) … Read more
KARACHI: The rupee rate in the interbank and open markets has started declining, analysts said on Thursday. A few days ago, the exchange companies had announced removal of a cap on the dollar rate, the analysts at Topline Securities said. Since the appointment of Ishaq Dar as the finance minister on September 28, 2022, the … Read more
KARACHI: The rupee lost another 49 paisas against the dollar on Wednesday, as the government is set to accept harsh International Monetary Fund (IMF) conditions in the ongoing talks, dealers said. The local currency ended at Rs230.89 against the greenback from the previous day’s closing of Rs230.40 in the interbank foreign exchange market. The dealers … Read more
KARACHI: The rupee lost 25 paisas against the dollar on Tuesday, owing to mounting import payments demand after the State Bank of Pakistan (SBP) allowed import relaxation, dealers said. The rupee ended at Rs230.40 against the greenback from the previous day’s closing of Rs230.15 in the interbank foreign exchange market. The dealers said the rupee … Read more
KARACHI: The rupee continued falling spree against the dollar on Tuesday, owing to the rising foreign currency demand for import payments, dealers said. The rupee fell 32 paisas to end at Rs228.66 against the dollar from last day’s closing of Rs228.34 in the interbank foreign exchange market. The dealers said the local currency remained under … Read more
KARACHI: The rupee ended flat against the dollar on Friday, amid foreign pledges to support the Pakistan economy, dealers said. The rupee ended with a decline of one paisa to Rs228.15 against the dollar from the previous day’s closing of Rs228.14 in the interbank foreign exchange market. The dealers said that the local currency had … Read more
The rupee lost another 47 paisas against the dollar in the interbank foreign exchange market. Dealers attributed the decline to a deadlock in talks between Pakistan and the IMF. The local currency remained under pressure since the start of the current fiscal year. KARACHI: The rupee continued to fall on Tuesday and lost another 47 … Read more
