Tag: Interbank Foreign Exchange Market

KARACHI: The Pak Rupee fell by 19 paisas against dollar on Monday owing to higher demand for import and corporate payments, dealers said.

The rupee ended at Rs156.37 to the dollar from last Friday’s closing of Rs156.18 in interbank foreign exchange market.

The currency dealers said that the local currency was remained under pressure at the start of market. However, later in the day inflows helped the local currency to recover earlier day losses.

The foreign currency market was initiated in the range of Rs156.60 and Rs156.70. The market recorded day high of Rs156.60 and low of Rs156.25 and closed at Rs156.37.

The exchange rate in open market also witnessed decline in local currency value.

The buying and selling of dollar was recorded at Rs156.00/Rs156.50 from last Friday’s closing of Rs155.80/Rs156.30 in cash ready market.

KARACHI: The rupee gained one paisa against dollar on Friday amid higher demand for import and corporate payments.

The rupee ended Rs156.18 to the dollar from previous day’s closing of Rs156.19 in interbank foreign exchange market.

Currency dealers said that due to next weekly holidays the demand of dollar was higher for import and corporate payments. Higher demand depreciated the rupee value in earlier day trade. However, inflows of export receipts and remittances helped the local currency to recover value later in the day.

The foreign currency market was initiated in the range of Rs156.18 and Rs156.23. The market recorded day high of Rs156.26 and low of Rs156.18 and closed at Rs156.18.

The exchange rate in open market witnessed stable value of the local currency. The buying and selling of dollar was recorded at Rs155.80/Rs156.30, the same previous day’s level in cash ready market.

KARACHI: The Pak Rupee eased by two paisas against dollar on Thursday owing to higher demand for import and corporate payments.

The rupee ended Rs156.19 to the dollar from previous day’s closing of Rs156.17 in interbank foreign exchange market.

Currency experts said that due the quarter ending the foreign companies were repatriating profits to their parent organizations. Similarly, oil and other import payments have also escalated demand for dollar.

The foreign currency market was opened in the range of Rs156.15 and Rs156.22. The market recorded day high of Rs156.26 and low of Rs156.18 and closed at Rs156.19.

The exchange rate in open market also witnessed depreciation in local currency. The buying and selling of dollar was recorded at Rs155.80/Rs156.30 from previous day’s closing of Rs155.70/Rs156.20 in cash ready market.

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Rupee ends flat in range bound activity

KARACHI: The Pak Rupee ended flat against dollar on Wednesday in range bound trading activity.

The rupee ended Rs156.17 to the dollar from previous day’s closing of Rs156.16 in interbank foreign exchange market.

Currency experts said that the rupee was remained stable during the day as no significant demand was seen for the greenback by importers or corporate side.

The foreign currency market was initiated in the range of Rs156.16 and Rs156.21. The market recorded day high of Rs156.19 and low of Rs156.12 in interbank foreign exchange market.

The exchange rate witnessed stable rupee value in open market. The buying and selling of dollar was recorded at Rs155.70/Rs156.20, the same previous day’s level, in cash ready market.

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Rupee gains one paisa amid dollar demand for import payment

KARACHI: The Pak Rupee gained one paisa against dollar on Tuesday amid demand for import and corporate payments.

The rupee ended Rs156.16 to the dollar from previous day’s closing of Rs156.17 in interbank foreign exchange market.

Currency dealers said that the supply of remittances and export receipts helped the rupee to gain earlier in the day. However, the local unit lost the gains due demand from import and corporate payments.

The foreign currency market was opened in the range of Rs156.12 and Rs156.17. The market recorded day high of Rs156.20 and low of Rs156.10 and closed at Rs156.16.

The exchange rate in open market however witnessed appreciation in local currency. The buying and selling of dollar was recorded at Rs155.70/Rs156.20 from previous day’s closing of Rs155.80/Rs156.30 in cash ready market.

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Rupee falls by nine paisas on higher demand for import payment

KARACHI: The Pak Rupee fell by nine paisas against dollar on Monday owing to higher demand for import and corporate payments after weekly holidays.

The rupee ended Rs156.17 to the dollar from last Friday’s close of Rs156.08 in interbank foreign exchange market.

Currency dealers said that the demand for import and corporate payment was high because the market was opened after two weekly holidays.

The foreign currency market was initiated in the range of Rs156.20 and Rs156.20. The market recorded day high of Rs156.23 and low of Rs156.16 and closed at Rs156.17.

The exchange rate in open market witnessed stable rupee value. The buying and selling of dollar was recorded at Rs155.80 and Rs156.30, the same last Friday’s closing, in cash ready market.

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Rupee gains 16 paisas on improved inflows

Karachi, September 20, 2019 – The Pakistani rupee appreciated by 16 paisas against the US dollar on Friday, buoyed by improved inflows of export proceeds and workers’ remittances, according to traders and market analysts.

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KARACHI: The Pak Rupee ended flat against dollar on Thursday amid higher demand for import and corporate payments.

The rupee ended Rs156.25 to the dollar from previous day’s closing of Rs156.24 in interbank foreign exchange market.

Currency experts said that demand for dollar was higher earlier in the day but inflows kept the local currency stable.

The foreign currency market was opened in the range of Rs156.30-156.40. The market recorded day high of Rs156.35 and low of Rs156.20 and ended at Rs156.25.

The exchange rate in open market also witnessed stable value of the local currency. The buying and selling of dollar was recorded at Rs155.80/Rs156.30, the same previous day’s closing in cash ready market.

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Rupee gains 8 paisas on inflows

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

The rupee ended Rs156.25 to the dollar from previous day’s closing of Rs156.33 in interbank foreign exchange market.

The currency dealers said that the market witnessed pressure earlier in the day however dollar supply was seen later in the day which helped the rupee to gain value.

The foreign currency market was initiated in the range of Rs156.35 and Rs156.45. The market recorded day high of Rs156.48 and low of Rs156.23 and closed at Rs156.25.

Currency experts said that the positive economic indicators may lead to further appreciation in the rupee value in coming days. They, however, said that the debt repayment may escalate demand for the foreign currency.

The exchange rate in open market was remained stable. The buying and selling of the dollar was recorded at Rs155.80/Rs156.30 the same previous day’s closing in cash ready market.

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Rupee falls by 10 paisas on expected rising dollar demand for oil payment

KARACHI: The Pakistani Rupee (PKR) weakened slightly by 4 paisas against the US dollar on Monday, primarily due to increased demand for import and corporate payments. The rupee closed at Rs156.23 to the dollar in the interbank foreign exchange market, compared to the previous Friday’s closing rate of Rs156.19.

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