KARACHI: The rupee lost 15 paisas against the dollar on Tuesday, amid supply of dollars in the market, dealers said. The exchange rate closed at Rs159.51 to the dollar from the previous day’s closing of Rs159.36 in the interbank foreign exchange market. The currency dealers said the rupee remained under pressure against the dollar due … 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
Pakistani rupee extends gains against US dollar The Pakistani rupee extended gains for the second straight session in both the currency markets, as dollar demand and easing concerns over US-Iran war hysteria helped the currency rise. Dealers said that the rupee closed at 154.83 to the dollar, compared with the previous closing of 154.88. The … Read more
