Tag: Interbank Foreign Exchange Market

KARACHI: The Pak Rupee maintained its gain against dollar on Thursday and further appreciated by four paisas in interbank foreign exchange market.

The rupee ended Rs155.55 to the dollar from previous day’s closing of Rs155.59 in interbank foreign exchange market.

Currency experts said that the lower demand for import payments and inflows of export receipts and remittances helped the rupee to appreciate.

The foreign currency market was initiated in the range between Rs155.60 and Rs155.55. The market recorded day high of Rs155.65 and low of Rs155.55 in interbank foreign exchange market.

The rupee gained 10 paisas against dollar so far this week started November 04, 2019.

The exchange rate in open market witnessed stable value of the rupee. The buying and selling of dollar was recorded at Rs155.30/Rs155.60, the same previous day’s closing level, in cash ready market.

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

The rupee ended Rs155.59 to the dollar from previous day’s closing of Rs155.64 in interbank foreign exchange market.

Currency experts said that the local unit gained values on back of remittances and export receipts. They said that the demand for import and corporate payments was remained lackluster.

The foreign currency market was initiated in the range of Rs155.63 and Rs155.65. The market recorded day high of Rs155.65 and low of Rs155.59.

The exchange rate in open market witnessed no change in rupee value. The buying and selling of dollar was recorded at Rs155.30/Rs155.60, the same previous day’s level, in cash ready market.

KARACHI: The Pak Rupee ended firmer against the dollar on Tuesday amid inflows of foreign currency into the interbank market.

The rupee ended Rs155.64 to the dollar from previous day’s closing of Rs155.65 in interbank foreign exchange market.

Currency dealers said that the market witnessed sufficient supply of dollar into the market. However, demand for import and corporate payments were also higher.

The foreign currency market was opened in the range of Rs155.60 and Rs155.65. The market recorded day high of Rs155.65 and low of Rs155.55 and closed and Rs155.64.

The exchange rate in open market however witnessed appreciation in value of the local unit.

The buying and selling of dollar was recorded at Rs155.30/Rs155.60 from previous day’s closing of Rs155.45/Rs155.65 in cash ready market.

KARACHI: The Pak Rupee ended unchanged against dollar on Monday despite higher demand for import and corporate payments.

The rupee ended Rs155.65 to the dollar, the same closing level on last Friday, in Interbank Foreign Exchange Market.

Currency dealers said that the market was initiated with higher demand for the dollar due to two weekly holidays. However, later the rupee recovered to the previous level.

The foreign currency market was initiated in the range of Rs155.65 and Rs155.75. The market recorded day high of Rs155.67 and low of Rs155.65 and closed at Rs155.65.

The exchange rate in open market witnessed appreciation in rupee value. The buying and selling of dollar was recorded at Rs155.45/Rs155.65 from last Friday’s closing of Rs155.50/Rs155.80 in cash ready market.

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The Pakistani Rupee is anticipated to sustain its upward momentum in the coming week, buoyed by decreased import payment demands and improved inflows.

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KARACHI: The Pak Rupee gained two paisas on Friday despite higher demand for import and corporate payments.

The rupee ended at Rs155.65 to the dollar from previous day’s closing of Rs155.67 in interbank foreign exchange market.

Currency dealers said that the rupee was under pressure earlier in the day due to higher demand for import and corporate payments due to two weekly holidays. However, the sufficient inflows helped the rupee to gain two paisas at the market close.

The foreign currency market was initiated in the range of Rs155.77 and Rs155.80. The market recorded day high of Rs155.77 and low of Rs155.65 and close at Rs155.65.

The exchange rate in open market witnessed stable rupee value. The buying and selling of dollar was recorded at Rs155.50/Rs155.80, the same previous day’s level, in cash ready market.

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

The rupee ended Rs155.67 to the dollar from previous day’s closing of Rs155.73 in interbank foreign exchange market.

Currency dealers said that the supply of the foreign currency helped the rupee to gain value at Rs155.60 to the dollar during the day. However, the demand from importers restricted the rupee to end at Rs155.67 to the dollar.

The foreign currency market was initiated in the range between Rs155.69 and Rs155.73. The market recorded day high of Rs155.75 and low of Rs155.60 and closed at Rs155.67 in interbank foreign exchange market.

The exchange rate in open market also witnessed appreciation in the rupee value. The buying and selling of the dollar was recorded at Rs155.50/Rs155.80 from previous day’s closing of Rs155.60/Rs155.90 in cash ready market.

KARACHI: The Pak Rupee gained five paisas against the dollar on Wednesday owing to lackluster demand for import payments, dealers said.

The rupee ended Rs155.73 to the dollar from previous day’s closing of Rs155.78 in interbank foreign exchange market.

The dealers said that the importers were cautious for placing demand for dollar against foreign buying owing to falling exchange rates.

The foreign currency market was initiated in the range between Rs155.79 and Rs155.84. The market recorded day high of Rs155.79 and low of Rs155.73 and closed at Rs155.73.

The exchange rate in open market also witnessed appreciation in rupee value. The buying and selling of dollar was recorded at Rs155.60/Rs155.90 from previous day’s closing of Rs155.70/Rs156.00 in cash ready market.

KARACHI: The Pak Rupee gained eight paisas against dollar on Tuesday owing to better economic projections of the central bank.

The rupee ended Rs155.78 to the dollar from previous day’s closing of Rs155.85 in interbank foreign exchange market.

Currency experts said that the rupee gained on the back of projection made by the State Bank of Pakistan (SBP) a day earlier about improved economic conditions were visible due to reforms taken.

The foreign currency market was initiated in the range of Rs155.80 and Rs155.85. The market recorded day high of Rs155.84 and low of Rs155.77 and closed at Rs155.78.

The exchange rate in open market also witnessed appreciation in local currency value. The buying and selling of dollar was recorded at Rs155.70/Rs156.00 as compared with previous day’s closing of Rs155.80/Rs156.10 in cash ready market.

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

The rupee ended at Rs155.85 to the dollar from last Friday’s closing of Rs155.89 in interbank foreign exchange market.

Currency experts said that the rupee was under pressure during the day owing to higher demand for the greenback due to past two weekly holidays.

However, supply from workers’ remittances and export receipts helped the rupee to make gain at the end of the day.

The exchange rate in open market however witnessed stable rupee value. The buying and selling of dollar was recorded at Rs155.80/156.10, the same last Friday’s closing, in cash ready market.