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KARACHI: The Pak Rupee significantly declined by 61 paisas against US dollar in early trade on Friday.
The dollar is being traded at Rs140.10 in interbank foreign exchange market. The foreign currency market was ended last day at Rs139.49 to the dollar.
Currency experts said that due to high demand for import and corporate payment and coming weekly holidays escalated the pressure.
The latest increase in dollar value was despite the rise in foreign exchange reserves of the country.
KARACHI: The Pak Rupee depreciated by five paisas against the US dollar on Thursday due to import and corporate payments.
The rupee ended Rs139.49 to the dollar from previous day’s closing of Rs139.44 in interbank foreign exchange market.
The interbank foreign exchange market was initiated in the range of Rs139.48 and Rs139.50. The market recorded day high of Rs139.50 and low of Rs139.49.
The exchange rate in open market also deteriorated.
The dollar’s buying and selling was recorded at Rs139.70/Rs140.20 as compared with Rs139.30/Rs139.80 in the cash ready market.
The Pakistani Rupee faced a slight depreciation of five paisas against the US Dollar on Wednesday, attributed to increased demand for import and corporate payments.
(more…)KARACHI: The Pak Rupee was remained unchanged against dollar on Tuesday in a range bound trading activity.
The rupee ended at Rs139.39 to the dollar, the same previous day’s closing, in interbank foreign exchange market.
The interbank foreign exchange market was initiated in the range of Rs139.35 and Rs139.40.
The market recorded day high of Rs139.40 and low of Rs139.38 and closed at Rs139.39.
The exchange rate in open market was also remained unchanged.
The buying and selling of dollar was recorded at Rs139.20/Rs139.70, the same previous day’s level, in cash ready market.
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Rupee ends down by 11 paisas against dollar
KARACHI: The rupee ended down by 11 paisas against dollar on Monday owing to high demand for import and corporate payments.
The rupee closed at Rs139.39 to the dollar from last Friday’s close of Rs139.28 in interbank foreign exchange market.
The interbank foreign exchange market was initiated in the range of Rs139.30 and Rs139.40.
The market recorded a high of Rs139.40 and low of Rs139.30 and closed at Rs139.39.
Currency experts said that the demand pressure was due to market opened after two weekly holidays.
They said that the narrowed trade deficit and current account deficit would help the rupee to regain some values in coming days.
They further said that the inflows from friendly countries would also help the local unit to gain the values against the greenback.
The exchange rate in open market also witnessed depreciation in rupee value by 20 paisas.
The buying and selling of dollar was recorded at Rs139.20/Rs139.70 as compared with last Saturday’s closing of Rs139.00/Rs139.50 in cash ready market.
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Rupee falls by nine paisas against dollar
KARACHI: The Pak Rupee ended down by 20 paisas against dollar in open market owing to week-end demand.
The buying and selling of dollar was recorded at Rs139.00/Rs139.50 as compared with previous day’s closing of Rs138.80/Rs139.30 in cash ready market.
The rupee in interbank foreign exchange market ended the week at Rs139.28 to the dollar.
The local unit lost another nine paisas against dollar on Friday amid foreign currency demand for import and corporate payments.
The rupee ended at Rs139.28 to the dollar from previous day’s closing of Rs139.19 in interbank foreign exchange market.
KARACHI: The Pak Rupee fell by another nine paisas against dollar on Friday amid foreign currency demand for import and corporate payments.
The rupee ended at Rs139.28 to the dollar from previous day’s closing of Rs139.19 in interbank foreign exchange market.
The interbank foreign exchange market was initiated in the range of Rs139.15 and Rs139.20.
The market recorded day high of Rs139.30 and low of Rs139.18 and closed at Rs139.28.
Currency experts said that higher demand and the government indication for entering to new IMF loan programs pressurized the local unit.
The rupee lost 38 paisas a day earlier in the interbank foreign currency market.
The exchange rate in open market was remained stable.
The buying and selling of dollar was recorded at Rs138.80/Rs139.30, the same previous day’s level, in cash ready market.
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Rupee sheds 38 paisas against dollar
KARACHI: The Pak Rupee lost 38 paisas against dollar on Thursday after indication of the government for entering IMF program.
The rupee ended Rs139.19 to the dollar from previous day’s close of Rs138.81 in interbank foreign exchange market.
The interbank foreign exchange market was initiated in the range of Rs138.92 and Rs138.99.
The market recorded day high of Rs139.25 and low of Rs138.95 and closed at Rs139.19.
A day earlier the finance minister hinted at entering into a new loan program with IMF.
The exchange rate in open market also revised downward.
The buying and selling of dollar was recorded at Rs138.70/Rs139.20 from previous day’s closing of Rs138.30/Rs138 in cash ready market.
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Rupee maintains level against dollar
KARACHI: The Pak Rupee maintained level against dollar on Wednesday despite higher demand for import and corporate payments.
The rupee ended Rs138.81 to the dollar from previous day’s close of Rs138.82 in interbank foreign exchange market.
The interbank foreign exchange market was market initiated in the range of Rs138.80 and Rs138.85.
The market recorded day high of Rs138.88 and low of Rs138.78 and closed at Rs138.81.
Currency experts said that due to declining import bill the demand for the greenback was eased.
The trade deficit has narrowed by 11 percent during first eight months of current fiscal year owing decline in import bill, Pakistan Bureau of Statistics (PBS) said on Tuesday.
The trade deficit shrank to $21.52 billion during July – February 2018/2019 as compared with the deficit of $24.19 billion in the corresponding period of the last fiscal year.
The import bill of the country was declined by 6.13 percent to $36.63 billion during first eight months of current fiscal year as compared with $39.03 billion in the same period of the last fiscal year.
The exchange rate in the open market was also remained stable.
The buying and selling of dollar was recorded at Rs138.30/Rs138.80, the same previous day’s level, in cash ready market.
KARACHI: The Pak Rupee ended flat against dollar on Tuesday amid higher demand for import and corporate demand.
The rupee ended Rs138.82 to the dollar from previous day’s close of Rs138.82 in interbank foreign exchange market.
The interbank foreign exchange market was initiated in the range of Rs138.80 and Rs138.85.
The market recorded day high of Rs138.90 and low of Rs138.82 and closed at Rs138.82.
Currency experts said that the scheduled repayment of foreign loans had pressure on the local currency. However, they said that expected inflows of $4.1 billion during next few days would help the local currency to gain values.
The exchange rates in the open market were also flat.
The buying and selling of dollar was recorded at Rs138.30/Rs138.80 from previous day’s closing of Rs138.30/Rs138.70 in cash ready market.
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