Rupee Falls 6th Day in a Row Against US Dollar

Rupee against us dollar

The Pakistani rupee close the week with losses against the US Dollar during intraday trade today after opening trade at 285 in the interbank market. At 11 AM, the situation was bearish as the value dropped to 286.725 against the greenback, losing around 60 paisas. Later, it dropped to the 287 level between 12:30 PM … Read more

Rupee gains 47 paisas against dollar

rupee

KARACHI: The rupee gained 47 paisas against the dollar on Tuesday after certainty in external inflows. The exchange rate ended at Rs174.30 against the dollar from the previous day’s closing of Rs174.77 in the interbank foreign exchange market. The dealers said the market opened positively; following an announcement made by Adviser to the Prime Minister … Read more

Rupee gains 46 paisas against dollar

rupee

KARACHI: The rupee gained 46 paisas against the dollar on Monday, amid a highly volatile trading session, dealers said. The exchange rate ended at Rs174.77 against the dollar, compared with Rs175.23 in the interbank foreign exchange market. The dealers said the market opened with a sharp rise in the rupee value; following the monetary policy … Read more

Rupee continues free-fall against dollar

KARACHI: The rupee continued to decline against the dollar on Monday, as it lost 43 paisas to reach a new historic low of Rs174.43 in the interbank foreign exchange market, dealers said. The rupee recorded the previous historic low of Rs174 against the dollar on October 22, 2021. The dealers said the external payments had … Read more

Rupee strengthens against dollar

Rupee

KARACHI: The rupee gained 18 paisas against the US dollar on Friday, owing to positive economic indicators shown in the Economic Survey of Pakistan.

The exchange rate closed at Rs155.74 against the dollar from the previous day’s closing of Rs155.92 in the interbank foreign exchange market.

Dealers said the local currency was supported by the improved economic indicators reported in the Economic Survey of Pakistan, released on June 10.

The survey revealed GDP growth at 3.94 per cent despite tough times due to the Covid-19 pandemic.
They also said the market was also anticipating the announcement of several relief measures in the Federal Budget 2021/22.

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