Tag: Interbank Foreign Exchange Market

KARACHI: The Pak Rupee fell by two paisas against dollar on Monday owing to higher demand for import and corporate payments, dealers said.

The rupee ended Rs154.43 to the dollar from last Friday’s closing of Rs154.41 in interbank foreign exchange market.

The dealers said that the rupee was depreciated due to higher demand from importers and corporate buyers. They said that the earlier in the day the local unit fell to Rs154.48 however inflows of export receipts and remittances helped to make recovery.

The foreign currency market was initiated in the range of Rs154.45 and Rs154.50. The market recorded day high of Rs154.48 and low of Rs154.43 and closed on the same level.

The exchange rate in open market witnessed no change in rupee value. The buying and selling of the dollar was recorded at Rs154.30/Rs154.60, the same closing level of last Friday, in cash ready market.

KARACHI: The Pak Rupee gained eight paisas against dollar on Friday amid demand for import and corporate payments.

The rupee ended Rs154.41 to the dollar from previous day’s closing of Rs154.49 in interbank foreign exchange market.

Currency dealers said that the market was initiated with higher demand of dollar earlier in the day. However, inflows of export receipts and foreign remittances helped the rupee to appriciate.

The foreign currency market was initiated in the range of Rs154.52 and Rs154.57. The market recorded day high of Rs154.55 and low at Rs154.40 and closed at Rs154.41.

The exchange rate in open market witnessed no change in rupee value. The buying and selling of the dollar was recorded at Rs154.30/Rs154.60, same previous day’s closing level, in cash ready market.

KARACHI: The Pak Rupee depreciated by eight paisas against dollar on Thursday owing to higher demand for import payments as market opened after a public holiday.

The rupee ended Rs154.49 to the dollar from the closing of February 04, 2020 at Rs154.41 in interbank foreign exchange market.

Currency dealers said that the demand was higher during the day as the market was remained closed on February 05, 2020 on account of Kashmir Day.

The foreign currency market was initiated in the range of Rs154.48 and Rs154.50. The market recorded day high of Rs154.50 and low of Rs154.36 and closed at Rs154.49.

The exchange rate in open market witnessed stable rupee value. The buying and selling of the dollar was recorded at Rs154.30/Rs154.60, the same closing level in February 04, 2020, in cash ready market.

KARACHI: The Pak Rupee gained 10 paisas against dollar on Tuesday owing to inflows and lackluster demand for import payment.

The rupee ended Rs154.41 to the dollar from previous day’s closing of Rs154.51 in interbank foreign exchange market.

Currency dealers said that the market witnessed inflows under the heads of workers’ remittances and export receipts. On the other hand due to coronavirus threat the importers are reluctant to purchase dollars for Chinese imports.

The foreign currency market was initiated in the range of Rs154.51 and Rs154.56. The market recorded day high of Rs154.51 and low of Rs154.41 and closed at the same level.

The exchange rate in open market witnessed no change in the local currency. The buying and selling of the dollar was recorded at Rs154.30/Rs154.60, the same previous day’s closing, in cash ready market.

Karachi – The Pakistani Rupee experienced a marginal decline of two paisas against the US Dollar on Monday, settling at Rs154.51 in the interbank foreign exchange market.

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KARACHI: The Pak Rupee eased by two paisas against dollar on Friday owing to demand of the foreign currency ahead of two weekly holidays.

The rupee ended Rs154.49 to the dollar from last day’s closing of Rs154.47 in interbank foreign exchange market.

Currency dealers said that the market was remained flat. However, advance buying was witnessed ahead of to two weekly holidays.

The foreign currency market was initiated at the range between Rs154.44 and Rs154.47. The market recorded day high of Rs154.49 and low of Rs154.47 and closed at Rs154.49.

The exchange rate in open market however witnessed significant gain in local currency value.

The buying and selling of the dollar was recorded at Rs154.30/Rs154.60 from previous day’s closing of Rs154.50/Rs154.80 in cash ready market.

The Pakistani rupee gained 10 paisas against the US dollar in the interbank foreign exchange market on Thursday, closing at Rs154.47 compared to the previous day’s closing of Rs154.57, according to currency dealers.

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KARACHI: The Pak Rupee ended remained unchanged for third consecutive day against the dollar on Wednesday owing to lackluster trading activities.

The rupee ended Rs154.57 to the dollar, same previous day’s level, in interbank foreign exchange market.

Currency dealers said that the rupee had maintained the levels as importers and corporate buyers were cautious. They said that due to coronavirus outbreak in China the international oil prices had fallen.

Besides, the health alerts issued by the government authorities due to coronavirus also prevented fresh orders to import Chinese goods.

The foreign currency market was initiated in the range of Rs154.55 and Rs154.60. The market recorded day high of Rs154.59 and low of Rs154.55 and closed at Rs154.57.

The exchange rate in open market was also remained unchanged. The buying and selling of the dollar was traded at Rs154.50/Rs154.80, the same previous day’s level, in cash ready market.

KARACHI: The Pak Rupee ended unchanged against dollar on Tuesday owing to lackluster demand for import payments, dealers said.

The rupee ended Rs154.57 to the dollar, the same previous day’s level, in interbank foreign exchange market.

The dealers said that importers were cautious in buying dollar due to decline in international oil prices and outbreak of coronavirus in China.

The foreign currency market was initiated in the range of Rs154.58 and Rs154.60. The market recorded day high of Rs154.59 and low of Rs154.54 and closed at Rs154.57.

The exchange rate in open market witnessed gain in rupee value. The buying and selling of dollar was recorded at Rs154.50/Rs154.80 from last day’s closing of Rs154.60/Rs154.90 in cash ready market.

KARACHI: The Pak Rupee ended firmer against dollar on Monday despite demand of the foreign currency for import and corporate payments.

The rupee ended Rs154.57 to the dollar, the same closing level of last Friday, in interbank foreign exchange market.

Currency dealers said that the market witnessed higher demand for the greenback for import and corporate payments on the first day trading after two weekly holidays.

They, however, said that the inflows of export receipts and workers’ remittances helped the rupee to maintain level.

The foreign currency market was initiated in the range of Rs154.58/Rs154.63. The market recorded day high of Rs154.58 and low of Rs154.54 and closed at Rs154.57.

The exchange rate in open market also witnessed no change in rupee value. The buying and selling of dollar was recorded at Rs154.60/Rs154.90, the same closing level of last Friday, in cash ready market.