KARACHI: The exchange rate ended unchanged on Thursday, as the dollar maintained the record high level of Rs177.98, which was the previous day’s closing at the interbank foreign exchange market, dealers said. They said the market witnessed high dollar demand for import and corporate payments; however, the banks provided sufficient dollars against the demand to … Read more
KARACHI: The rupee witnessed an unabated free-fall for the last several months, as the dollar hit a new record high of Rs177.98 at the closing on the interbank foreign exchange market on Wednesday, amid the monetary tightening announced a day ago. The exchange rate witnessed a decline of 10 paisas in the rupee value against … Read more
KARACHI: The monetary policy announcement scheduled for next week may end the volatility in the rupee value. The State Bank of Pakistan (SBP) is scheduled to announce the monetary policy statement on December 14, 2021. The Monetary Policy Committee will take all the current economic indicators into consideration, while making the decision. One of the … Read more
KARACHI: The deterioration in the rupee value continued on Friday, as the dollar hit another high of Rs177.71 in the interbank foreign exchange market, dealers said. The exchange rate witnessed a 10 paisas decline in the rupee value to end at Rs177.71 against the dollar from the last day’s closing of Rs177.61, the previous record … Read more
KARACHI: The dollar recorded a new high of Rs176.77 against the Pakistani rupee at the interbank foreign exchange market on Friday. The dollar made fresh high as against the last day closing of Rs176.42, which was the previous record high of the greenback. The dealers said that the rupee deteriorated further because of escalation in … Read more
KARACHI: The rupee rebounded on Tuesday and gained 48 paisas against the dollar in the interbank foreign exchange market, dealers said. The exchange rate ended at Rs175.72, compared with Rs176.20 against the dollar on the previous day in the interbank foreign exchange market. The local currency strengthened after the State Bank of Pakistan (SBP) and … Read more
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
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
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
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 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
