Tag: Interbank Foreign Exchange Market

KARACHI: The Pak Rupee appreciated by 11 paisas against dollar on Monday owing to improved economic indicators.

The rupee ended Rs154.92 to the dollar from last Friday’s closing of Rs155.03 in interbank foreign exchange market.

Currency dealers said that the improved foreign exchange reserves and narrowing current account deficit improved the rupee value.

The foreign currency market was opened in the range of Rs154.85 and Rs154.90. The market recorded day high of Rs155.00 and low of Rs154.90 and closed at Rs154.92.

The exchange rate in open market witnessed slight change in rupee value. The buying and selling of dollar was recorded at Rs154.70/Rs155.00 from last Friday’s closing of Rs154.60/Rs155.00 in cash ready market.

KARACHI: The Pak Rupee made significant recovery on Monday morning and gain 13 paisas against dollar owing to improved economic indicators.

KARACHI: The Pak Rupee gained four paisas against dollar on Friday amid higher demand of greenback for import and corporate payments.

The rupee ended Rs155.03 to the dollar from previous day’s closing of Rs155.07 in interbank foreign exchange market.

Currency dealers said that the rupee was under pressure during the day due to upcoming weekly holidays. Besides, the financial year ending for many corporate entities also escalated the demand for the greenback.

The dealers said the inflows of export receipts and remittances helped the rupee to appreciate during later in the day.

The exchange rate in open market also witnessed appreciation in rupee value. The buying and selling of dollar was recorded at Rs154.60/Rs155 from previous day’s closing of Rs154.70/Rs155.10 in cash ready market.

KARACHI: The Pak Rupee depreciated by 17 paisas against dollar on Thursday owing to higher demand for import and corporate payments, dealers said.

The rupee ended Rs155.07 to the dollar from December 24, 2019 closing of Rs154.90 in interbank foreign exchange market.

The dealers said that the rupee was remained under pressure during the day due to higher demand for the greenback. They said that due to holiday on account of Qaid-e-Azam Day and Christmas the market witnessed higher demand for dollar on Thursday.

The foreign currency market was initiated in the range of Rs154.85 and Rs154.90. The market recorded day high of Rs155.08 and low of Rs154.87 and closed at Rs155.07.

The exchange rate in open market also witnessed depreciation in rupee value. The buying and selling of the dollar was recorded at Rs154.70/Rs155.10 from December 24, 2019 closing of Rs154.60/Rs154.90 in cash ready market.

KARACHI: The Pak Rupee ended flat against dollar on Tuesday in lackluster trading activities, dealers said.

The rupee ended Rs154.90 to the dollar from previous day’s closing of Rs154.91 in interbank foreign exchange market.

The currency dealers said that importers and corporate buyers were cautious in purchasing dollars.

They said that reduction in current account deficit on back of falling imports had improved the sentiments in the currency market.

The exchange rate in open market witnessed appreciation in rupee value. The buying and selling of the dollar was recorded at Rs154.60/Rs154.90 from previous day’s closing of Rs154.70/Rs155.00 in cash ready market.

KARACHI: The Pak Rupee ended flat against dollar on Monday despite demand for import and corporate payments, dealers said.

The rupee closed at Rs154.91 to the dollar from last Friday’s closing of Rs154.90 in interbank foreign exchange market.

The currency dealers said that the due to first trading day after two weekly holidays the local currency was under pressure. In the first half of trading day the demand for the greenback was high. However, inflows of export receipts and workers’ remittances helped the rupee to stable against the foreign currency.

The exchange rate in open market witnessed depreciation in rupee value. The buying and selling of the dollar was recorded at Rs154.70/Rs155.00 from last Friday’s closing of Rs154.40/Rs154.70 in cash ready market.

KARACHI: The Pak Rupee ended unchanged against dollar on Friday owing to lackluster trading activities, dealers said.

The rupee ended at Rs154.90, the same previous day’s closing, in interbank foreign exchange market.

The currency dealers said that due to political uncertainty and expected appreciation of rupee value after approval of second tranche by IMF, the importers were cautious in opening letter of credit.

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

The exchange rate in open market witnessed decline in rupee value. The buying and selling of the dollar was recorded at Rs154.50/Rs154.90 as compared with last day’s closing of Rs154.40/Rs154.70 in cash ready market.

KARACHI: The Pak Rupee made four paisas against dollar on Thursday owing to lackluster demand for import and corporate payments, dealers said.

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

The dealers said that the foreign currency demand for import and corporate payments was remained lackluster.

The foreign currency market was initiated in the range of Rs154.91 and Rs154.95. The marked witnessed day high of Rs154.91 and low of Rs154.90 and closed at Rs154.90.

The exchange rate in open market was remained unchanged. The buying and selling of dollar was recorded at Rs154.40/Rs154.70, the same previous day’s closing, in cash ready market.

KARACHI: The Pakistani rupee remained unchanged against the US dollar on Wednesday, closing at Rs154.95 in the interbank market—the same level as the previous day. According to currency dealers, the stability in the rupee was largely due to steady inflows from exports and workers’ remittances.

KARACHI: The Pak Rupee recovered six paisas against dollar on Tuesday owing to inflows of exports and remittances, dealers said.

The rupee ended Rs154.95 against dollar from previous day’s closing of Rs155.01 in interbank foreign exchange market.

The dealers said that the rupee was under pressure earlier in the day due to demand for import and corporate payments. However, the rupee managed to recover on inflows of exports and remittances.

The foreign currency market was initiated in the range of Rs155.00 and Rs155.05. The market recorded day high of Rs155.05 and low of Rs154.95 and closed at Rs154.95.

The exchange rate in open marked witnessed no change in rupee value. The buying and selling of dollar was recorded at Rs154.40/Rs154.70, same as the previous day’s closing, in cash ready market.