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
