Tag: Interbank Foreign Exchange Market

KARACHI: The Pak Rupee gained three paisas against dollar on Thursday owing to supply of the foreign currency in the market.

The rupee ended Rs155.34 to the dollar from previous day’s closing of Rs155.37 in interbank foreign exchange market.

Currency experts said that the rupee made gain due to some supply of the greenback in the shape of remittances.

The foreign currency market was initiated in the range of Rs155.34 and Rs155.36. The market recorded day high of Rs155.36 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/Rs155.40, the same previous day’s level, in cash ready market.

KARACHI: The Pak Rupee ended down by one paisa against dollar on Wednesday in range bound trading activities.

The rupee ended Rs155.37 to the dollar from previous day’s closing of Rs155.36 in interbank foreign exchange market.

Currency dealers said that the market was remained calm as neither major demand seen from importers nor inflows of export receipts.

The foreign currency market was opened in the range of Rs155.35 and Rs155.40. The market recorded day high of Rs155.37 and low of Rs155.35 and closed at Rs155.37.

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

The Pakistani Rupee experienced a marginal decline against the US Dollar, closing at Rs155.36 in the interbank foreign exchange market, a slight drop from the previous day’s close of Rs155.35.

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KARACHI: The Pak Rupee gained four paisas against dollar on Monday owing to sufficient inflows.

The rupee ended Rs155.35 to the dollar from last Friday’s closing of Rs155.39 in interbank foreign exchange market.

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

The foreign currency market was initiated in the range of Rs155.38 and Rs155.42. The market recorded day high of Rs155.40 and low of Rs155.35 and closed at Rs155.35.

The exchange rate in open market the rupee witnessed slight gain. The buying and selling of dollar was recorded at Rs155.20/Rs155.40 from previous level of last Friday’s of Rs155.20/Rs155.50.

KARACHI: The Pak Rupee gained three paisas against dollar on Friday owing to inflows of export receipts and foreign remittances, dealers said.

The rupee closed at Rs155.39 to the dollar from previous day’s closing of Rs155.42 in interbank foreign exchange market.

The dealers said that foreign inflows and export receipts helped the local unit to appreciate early in the day. However, demand for the greenback for import payments due to next two weekly holidays restricted the rupee appreciation to three paisas.

The foreign currency market was initiated in the range of Rs155.35 and Rs155.39. The market recorded day high of Rs155.47 and low of Rs155.39 and closed at Rs155.39.

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

KARACHI: The Pak Rupee ended down by two paisas against dollar on Thursday amid demand for import payment.

The rupee closed at Rs155.42 to the dollar from previous day’s closing of Rs155.40 in interbank foreign exchange market.

Currency dealers said that the demand for the foreign currency was higher earlier in the day. However, inflows helped the rupee to recovery early day losses.

The foreign currency market was initiated in the range between Rs155.40/Rs155.45. The market recorded day high of Rs155.47 and low of Rs155.40 and closed at Rs155.42.

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

KARACHI: The Pak Rupee gained five paisas against dollar on Wednesday owing to inflows of remittances and export receipts.

The rupee ended Rs155.40 to the dollar from previous day’s closing of Rs155.45 in interbank foreign exchange market.

Currency dealers said that inflows of workers’ remittances and export receipts helped the rupee to gain value.

The foreign currency market was initiated in the range between Rs155.47 and Rs155.40 and closed at Rs155.40.

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 closing, in cash ready market.

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

The rupee ended Rs155.45 to the dollar from previous day’s closing of Rs155.44 in interbank foreign exchange market.

Dealers said that lower dollar demand for import and corporate payments kept the rupee stable in the foreign currency market.

The foreign currency market was initiated in the range of Rs155.45 and Rs155.55. The market recorded day high of Rs155.45 and low of Rs155.43 and closed at Rs155.45.

The exchange rate in open market also 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 gained three paisas against dollar on Monday despite higher demand for import and corporate payments.

The rupee ended Rs155.44 to the dollar from last Friday’s closing of Rs155.47 in interbank foreign exchange market.

Currency dealers said the market witnessed higher dollar demand earlier in the day because the market opened after two weekly holidays. They said that later in the day inflows from remittances and export receipts supported the local unit.

The foreign currency market was opened in the range between Rs155.43 and Rs155.45. The market recorded day high of Rs155.60 and low of Rs155.34 and closed at Rs155.44.

The exchange rate in open market however witnessed stable rupee value.

The buying and selling of dollar was recorded at Rs155.20/Rs155.50, the same closing level on last Friday, in cash ready market.

KARACHI: The Pak Rupee gained another eight paisas against dollar on Friday owing to increase in foreign exchange reserves.

The rupee ended at Rs155.47 to the dollar from previous day’s closing of Rs155.55 in interbank foreign exchange market.

Currency experts said that increase in foreign exchange reserves had helped the rupee to appreciate.

The liquid foreign exchange reserves of Pakistan have increased by $428 million to $15.518 billion by week ended November 01, 2019.

The foreign exchange reserves were at $15.089 billion by week ended October 25, 2019.
The reserves held by SBP increased by $443 million to $8.357 billion by week ended November 01, 2019 as compared with $7.914 billion in the preceding week.

The reserves held by commercial banks decreased by $15 million to $7.16 billion by week ended November 01, 2019 as compared with $7.715 billion a week ago.

The foreign currency market was initiated in the range of Rs155.53 and Rs155.56. The market recorded day high of Rs155.55 and low of Rs155.47 and ended at Rs155.47.

The exchange rate in open market also witnessed appreciation in rupee value. The buying and selling of dollar was recorded at Rs155.20/Rs155.50 from previous day’s closing of Rs155.30 and Rs155.60 in cash ready market.