Tag: Interbank Foreign Exchange 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 Rs155.01 to the dollar from last Friday’s close of Rs154.96 in interbank foreign exchange market.

The currency dealers said that the rupee was under pressure due to higher demand for dollars. The higher demand was mainly attributed to two weekly holidays.

The foreign currency market was opened in the range of Rs154.95 and Rs155.00. The market recorded day high of Rs155.01 and low of Rs154.98 and closed at Rs155.01.

The exchange rate in open marked however was remained unchanged. The buying and selling of dollar was recorded at Rs154.40/Rs154.70, the same closing level on last Friday, in cash ready market.

KARACHI: The Pak Rupee gained three paisas against dollar on Friday owing to inflows of export receipts and workers’ remittances.

The rupee ended Rs154.96 to the dollar from previous day’s closing of Rs154.99 in interbank foreign exchange market.

Currency experts said that inflows of exports and remittances helped the rupee to make gain. They said that improvement in foreign exchange reserves also helped the local unit to appreciate against the greenback.

The foreign currency market was initiated in the range of Rs154.94 and Rs154.99. The market witnessed day high of Rs154.99 and low of Rs154.94 and closed at Rs154.96.

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

KARACHI: The Pak Rupee eased against dollar on Thursday in narrow band trading and lackluster demand from importers.

The rupee ended Rs154.99 to the dollar from previous day’s closing of Rs154.98 in interbank bank foreign exchange market.

Currency experts said that the importers were cautious in buying the greenback on the hopes that the value of the local unit would increase in coming days.

The foreign currency market was initiated in the range of Rs155.00 and Rs155.03. The market recorded day high of Rs155.01 and low of Rs154.98 and closed at Rs154.99.

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 level, in cash ready market.

The Pakistani rupee remained stable against the US dollar on Wednesday, as the interbank foreign exchange market witnessed range-bound trading with limited volatility, according to currency dealers.

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KARACHI: The rupee ended flat against dollar on Tuesday owing to demand from import and corporate buyers.

The rupee ended Rs154.98 to the dollar from previous day’s closing of Rs154.97 in interbank foreign exchange market.

Currency dealers said that the market witnessed demand from importers and corporate buyers for dollars. However, inflows offset the demand and the rupee depreciated by one paisa.

The foreign currency market was initiated in the range of Rs155.00 and Rs155.04. The market recorded day high of Rs155.00 and low of Rs154.95 and closed at Rs154.98.

The exchange rate in open market witnessed appreciation of rupee by 10 paisas against dollar. The buying and selling of dollar was recorded at Rs154.50/Rs154.80 from previous day’s closing of Rs154.60/Rs154.90 in cash ready market.

KARACHI: The Pak Rupee maintained gain against dollar and appreciated by 10 paisas on Monday owing to improved economic indicators.

The rupee ended Rs154.97 to the dollar from last Friday’s closing of Rs155.07 in interbank foreign exchange market.

The currency experts said that the rupee continued gain and reached to below Rs155 to the dollar after six months. They said that export receipts and inflows of home remittances remained helped the rupee to make gain.

The foreign currency market was initiated in the range of Rs154.95 and Rs155.05. The market recorded day high of Rs155.02 and low at Rs154.95 and closed at Rs154.97.

The exchange rate in open market also witnessed appreciation of the rupee. The buying and selling of dollar Rs154.60/Rs154.90 as compared closing of last Friday’s Rs154.80/Rs155.10.

KARACHI: The Pak Rupee made gain against dollar for the fourth consecutive day on Friday owing to improved inflows.

The rupee ended Rs155.07 to the dollar from previous day’s closing of Rs155.10 in interbank foreign exchange market.

Currency experts said that the sentiments in the market were remained positive owing to news of inflows of 190 million UK Pounds and more expected from National Crime Agency of the UK.

The foreign currency market was initiated in the range of Rs155.02 and Rs155.17. The market recorded day high of Rs155.08 and low of Rs155.06 and closed at Rs155.07.

The rupee maintained a continuous gain after falling to Rs155.34 on December 02, 2019.

The exchange rate in open market witnessed unchanged value in rupee. The buying and selling of dollar was recorded at Rs154.80/Rs155.10, the same previous day’s closing, in cash ready market.

The Pakistani rupee strengthened against the US dollar for the third consecutive day on Thursday, driven by improved foreign currency inflows in the form of export proceeds and workers’ remittances.

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KARACHI: The Pak Rupee continued gains against dollar on Wednesday and further appreciated by five paisas on improved economic indicators.

The rupee ended Rs155.14 to the dollar from previous day’s closing of Rs155.19 in interbank foreign exchange market.

Currency experts said that the local unit had maintained the appreciation trend owing to back to back good news on economic front. They said that Moody’s outlook on Pakistan from negative to stable helped the rupee to gain against dollar.

Further, reduction in trade deficit during first five months of current fiscal year also helped the rupee to continue to gain. The rupee yesterday gained 10 paisas against the dollar.

The market today opened in a range between Rs155.14 and Rs155.22. The market recorded day high of Rs155.18 and low of Rs155.13 and closed at Rs155.14.

The exchange rate in open market also witnessed gain in rupee value. The buying and selling of dollar was recorded at Rs155.00/Rs155.20 from previous day’s closing of Rs155.20/Rs155.40 in cash ready market.

KARACHI: The Pak Rupee gained 10 paisas against dollar on Tuesday owing to inflows of exports receipts and workers’ remittances, dealers said.

The rupee ended at Rs155.19 to the dollar from previous day’s closing of Rs155.29 in interbank foreign exchange market.

Currency dealers said that the inflows in shape of export receipts and workers’ remittances helped the rupee to appreciate against dollar.

They said that the sentiments were positive in the market owing to improved rating of Pakistan’s economy by Moody’s. Besides, the numbers also showed reduction in trade deficit for the first five months.

The foreign exchange market was opened in the range of Rs155.25 and Rs155.30. The market recorded day high of Rs155.25 and low of Rs155.18 and closed at Rs155.19.

The exchange rate in open market also witnessed appreciation in rupee value. The buying and selling of dollar was recorded at Rs155.20/Rs155.40 from previous day’s closing of Rs155.40/Rs155.70 in cash ready market.