Tag: Interbank Foreign Exchange Market

KARACHI: The Pak Rupee made gain six paisas against dollar on Friday owing to improved economic indicators.

The rupee ended Rs154.83 to the dollar from previous day’s closing of Rs154.89 in interbank foreign exchange.

Currency dealers said that inflows of export and remittances helped the rupee to make gain.

They said that improved economic indicators and declining import bill also helped the rupee to make gain.

The foreign currency market was initiated at Rs14.85 and Rs154.90. The market recorded day high of Rs154.87 and low of Rs154.82 and closed at Rs154.83.

The exchange rate in open market witnessed gain in rupee value. The buying and selling of dollar was recorded at Rs155.00/Rs155.40 from previous day’s closing of Rs155.30/Rs155.70 in cash ready market.

KARACHI: The Pak Rupee ended with significant gain against dollar on Thursday after witnessing decline for three consecutive days.

The rupee ended with gain of 19 paisas to Rs154.89 to the dollar from previous day’s closing of Rs155.08 in interbank foreign exchange market.

Currency dealers said that the ease in US-Iran conflict and inflows of export receipts and foreign remittances helped the rupee to gain against the greenback.

The foreign currency market was initiated in the range of Rs154.85 and Rs154.90. The market recorded day high of Rs154.92 and low of Rs154.88 and closed at Rs154.89.

The exchange rate in open market also witnessed appreciation in rupee value. The buying and selling of dollar was recorded at Rs155.30/Rs155.70 from previous day’s closing of Rs155.40/Rs155.80 in cash ready market.

KARACHI: The Pak Rupee recovered 22 paisas against dollar in early trade on Thursday.

The dollar is being traded at Rs154.86 in interbank foreign exchange market. The rupee ended at Rs155.08 on Wednesday January 08, 2020.

The rupee was remained pressure with start of the year. The inflows of export receipts and ease in geopolitical tension helped the local currency to recover against the greenback.

KARACHI: The Pak Rupee further depreciated by seven paisas against dollar on Wednesday owing to higher import and corporate demands, dealers said.

The rupee ended Rs155.08 to the dollar as compared with last day’s closing of Rs155.01 in interbank foreign exchange market.

The rupee depreciated around 18 paisas in three trading days of the current week.

The dealers said that due to quarter ended December 31, 2019 the demand for the greenback was remained higher from import and corporate buyers.

They said that the exchange rates might witnessed and adverse affect of ongoing US-Iran conflict.

The foreign currency market was initiated in the range of Rs155.00 and Rs155.05. The market recorded day high of Rs155.15 and low of Rs155.05 and closed at Rs155.08.

The exchange rate in open market also witnessed depreciation in rupee value. The buying and selling of the dollar was recorded at Rs155.40/Rs155.80 from previous day’s closing of Rs155.00/Rs155.30 in cash ready market.

KARACHI: The Pak Rupee fell six paisas against dollar on Tuesday owing to demand for import and corporate payments, dealers said.

The rupee ended Rs155.01 to the dollar as compared with Rs154.95 in interbank foreign exchange market.

The dealers said that the rupee was depreciated due to rising demand of dollar for import and corporate payments.

They said that the corporate buyers escalated the demand because of repatriation of profit for the quarter ended December 31, 2019.

The foreign currency market was initiated in the range of Rs155.00 and Rs155.07. The market recorded day high of Rs155.09 and low of R155.00 and closed at Rs155.01.

The exchange rate in open market witnessed stable value of the local currency. The buying and selling of the dollar was recorded at Rs155.00/Rs155.30, the same previous day’s closing, in cash ready market.

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

The rupee ended Rs154.95 to the dollar from last Friday’s closing of Rs154.90 in interbank foreign exchange market.

Currency dealers said that the market witnessed higher demand for dollar owing to first trading day of the week.

The dealers however said that the exchange rate might witness an adverse effect due to rising tension in Middle East after killing of Iranian leader in the US attack.

The foreign currency market was initiated in the range of Rs154.93 and Rs154.98. The market recorded day high of Rs154.98 and low of Rs154.93 and closed at Rs154.95.

The exchange rate in open market witnessed depreciation in rupee value. The buying and selling of dollar was recorded at Rs155.00/Rs155.30 as compared with last Friday’s closing of Rs154.80/Rs155.10 in cash ready market.

The Pakistani rupee weakened by nine paisas against the US dollar in early trading on Monday, driven by increased demand for import and corporate payments. The greenback was being traded at Rs154.99 during morning hours in the interbank foreign exchange market, compared to the previous closing rate of Rs154.90.

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KARACHI: The Pak Rupee ended down by two paisas against dollar on Friday owing to payment demand from importers and corporate buyers.

The rupee ended Rs154.90 to the dollar from previous day’s closing of Rs154.88 in interbank foreign exchange market.

Currency dealers said that the demand for the greenback was higher during the day for import and corporate payment.

However, the inflows helped the rupee for further depreciation.

The foreign currency market was initiated in the range of Rs154.90 and Rs154.95. The market recorded day high of Rs154.95 and low of Rs154.89 and closed at Rs154.90.

The exchange rate in open market witnessed slight change in rupee value. The buying and selling of the dollar was recorded at Rs154.80/Rs155.10 from previous day’s closing of Rs154.70 and Rs155.00.

KARACHI: The Pak Rupee eased by three paisas on Thursday owing to higher import and corporate payments, dealers said.

The rupee ended Rs154.88 to the dollar from Tuesday’s closing of Rs154.85 in interbank foreign exchange market.

The dealers said that last day the market was remained closed due to bank holiday. Therefore, the demand was higher today for import and corporate payments.

They said that improved economic indicators would help the rupee against the foreign currency in coming days.

The exchange rate in open market also witnessed slight change in rupee value. The buying and selling of dollar was recorded at Rs154.70/Rs155.10 from Tuesday’s closing of Rs154.70/Rs155.00 in cash ready market.

KARACHI: The Pak Rupee gained seven paisas against dollar on Tuesday to close the year 2019. The local currency appreciated despite demand for import and corporate payments, dealers said.

The rupee ended Rs154.85 to the dollar from previous day’s closing of Rs154.92 in interbank foreign exchange market.

Currency dealers said that the rupee witnessed pressure during the day due to demand for import and corporate payments.

However, inflows and positive economic indicators helped the rupee to close the year with gain.

The foreign currency market was initiated in the range of Rs154.90/Rs154.95. The market recorded day high of Rs154.92 and low of Rs154.85 and closed at Rs154.85.

The exchange rate in open market witnessed no change in the local currency. The buying and selling of the dollar was recorded at Rs154.70/Rs155.00, the same previous day’s level, in cash ready market.