Tag: Interbank Foreign Exchange Market

KARACHI: The Pak Rupee gained four paisas against dollar in early trade on Tuesday owing to improved economic conditions.

The dollar is being traded at Rs155.25 to the dollar in interbank foreign exchange market.

The rupee was at Rs155.29 to the dollar in last day closing.

Currency experts said that latest credit rating by Moody’s to upgrade Pakistan’s economy to positive from negative improved the sentiments of investors.

The rupee faced massive depreciation against dollar and other foreign currency during past couple of years. However, for the past many days the rupee was remained stable.

The stability in rupee came after significant decline in import bill and narrowed trade deficit.

The shrinking trade deficit also helped the country to reduce the current account deficit.

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

The rupee closed at Rs155.29 to the dollar from last Friday’s closing of Rs155.24 in interbank foreign exchange market.

Currency experts said that the market was initiated after two weekly holidays which escalated the demand for the greenback.

The foreign currency market was initiated in the range of Rs155.30 and Rs155.35. The market witnessed day high of Rs155.34 and low of Rs155.29 and closed at Rs155.29.

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

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

The rupee ended Rs155.24 to the dollar from previous day’s closing of Rs155.33 in interbank foreign exchange market.

Currency dealers said that the rupee made early day gain and maintained the values in the remaining sessions.

The foreign currency market was initiated in the range of Rs155.25 and Rs155.30. The market recorded day high of Rs155.27 and low of Rs155.23 and closed at Rs155.24.

The exchange rate in open market witnessed unchanged value of the rupee. The buying and selling of the dollar recorded at Rs155.40/Rs155.70, the same previous day’s closing, in cash ready market.

KARACHI: The Pak Ruee gained nine paisas against dollar in early trade on Friday owing to sufficient inflows in the market.

The exchange rate was witnessed at Rs155.24 to the dollar in early trade. The last day’s closed was recorded at Rs155.33 to the dollar in interbank foreign exchange market.

Currency dealers said that the resolution of political strife and court dispute about extension of army chief tenure improved the sentiments in the market.

Besides, exports receipts were also flowing into the country due to better earnings in the wake of Christmas.

The dealers said that improved economic conditions and better earning of exports may further help the rupee to gain value against the greenback.

KARACHI: The Pak Rupee ended unchanged against dollar on Thursday owing to range bound trading activities.

The rupee ended Rs155.33 to the dollar, the same previous day’s level in interbank foreign exchange market.

The currency experts said that the lower demand for dollar from importers and corporate sector helped the rupee to maintain level. Besides, the market also witnessed no significant inflows of export receipts and workers remittances.

The foreign currency market was initiated in the range of Rs155.30 and Rs155.35. The market recorded day high of Rs155.34 and low of Rs155.30 and closed at Rs155.33.

The exchange rate in open market also witnessed no change in rupee value. The buying and selling of dollar was recorded at Rs155.40/Rs155.70, the same previous day’s closing, in cash ready market.

KARACHI: The Pak Rupee ended stable against dollar on Wednesday amid lackluster trading activities.

The rupee ended Rs155.33 to the dollar from previous day’s closing of Rs155.34 in interbank foreign exchange market.

Currency dealers said that dollar demand was remained lower for import and corporate payments.

The foreign currency market was initiated in the range of Rs155.33 and Rs155.36. The market recorded day high at Rs155.35 and low of Rs155.33 and closed at Rs155.33.

The exchange rate in open market witnessed depreciation in rupee value by 20 paisas against dollar.

The buying and selling of dollar was recorded at Rs155.40/Rs155.70 from previous day’s closing of Rs155.20/Rs155.50 in cash ready market.

KARACHI: The Pak Rupee fell by three paisas against dollar on Tuesday owing to demand for import and corporate payments.

The rupee ended Rs155.34 to the dollar from previous day’s closing of Rs155.31 in interbank foreign exchange market.

Currency dealers said that the rupee came under pressure during the day due to dollar demand from importers and corporate buyers.

The foreign currency market initiated in the range of Rs155.33 and Rs155.36. The market recorded day high of Rs155.35 and low of Rs155.31 and closed at Rs155.34.

The exchange rate in open market witnessed stable rupee value.

The buying and selling of dollar was recorded at Rs155.20/Rs155.50, the same previous day’s level, in cash ready market.

KARACHI: The Pak Rupee recovered early day losses against dollar and depreciated by two paisas on Monday. The rupee fell owing to higher demand for import payment.

The rupee ended Rs155.31 to the dollar from last Friday’s closing of Rs155.29 in interbank foreign exchange market.

The rupee depreciated by 20 paisas during early day trading due to higher demand or import and corporate payments.

However, inflows of export receipts and workers remittances helped the rupee to narrow the depreciation.

The foreign currency market was initiated in the range of Rs155.40 and Rs155.55. The market recorded day high of Rs155.49 and low of Rs155.31 and ended at Rs155.31.

The exchange rate in open market also witnessed depreciation in rupee value. The buying and selling of dollar was recorded at Rs155.30/Rs155.60 from last Friday’s closing of Rs155.20/Rs155.40 in cash ready market.

KARACHI: The Pak Rupee fell 16 paisas against dollar in early trade on Monday owing to demand for import payments as market opened after two day weekly holidays.

The exchange rate is at Rs155.45 to the dollar in interbank foreign exchange market in the early trade. The market was closed on last Friday at Rs155.29 to the dollar in interbank foreign exchange market.

Currency experts said that the rise in dollar value would be temporary as inflows of export receipts and remittances would help the rupee in next sessions.

The inflows of portfolio investment in debt securities reached above $1 billion and it was also helping the rupee to resist against the greenback.

Currency experts said the rupee was under pressure against the dollar due to past two days weekly holidays.

KARACHI: The Pak Rupee further advanced by five paisas against dollar on Friday amid calm demand from importers and corporate.

The rupee ended Rs155.29 to the dollar from previous day’s closing of Rs155.34 in interbank foreign exchange market.

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

The foreign currency market was initiated in the range of Rs155.31 and Rs155.33. The market recorded day high of Rs155.31 and low of Rs155.29 and closed at Rs155.29.

The exchange rate in open market witnessed slight change in rupee value. The buying and selling of dollar was recorded at Rs155.20/Rs155.50 from previous day’s closing of Rs155.20/Rs155.40 in cash ready market.