The Pakistani Rupee remained stable against the US Dollar on Friday, closing at Rs156.19 compared to the previous day’s rate of Rs156.18 in the interbank foreign exchange market. The currency maintained its position despite increased demand for the dollar due to impending weekly holidays, dealers said.
(more…)Tag: Interbank Foreign Exchange Market
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Rupee gains 13 paisas against dollar
KARACHI: The Pak Rupee gained 13 paisas against dollar on Thursday owing to improved inflows of export receipts and workers remittances, dealers said.
The rupee ended Rs156.18 to the dollar from previous day’s closing of Rs156.31 in interbank foreign exchange market.
Currency experts said that the inflows had helped the rupee to gain value against the greenback. They said that the rupee was remained stabled during the day due to inflows of export reciepts and workers remittances .
The foreign currency market initiated in the range of Rs156.15 and Rs156.25. The market recorded day high of Rs156.28 and low of Rs156.18 and closed at Rs156.18.
The exchange rate in open market also witnessed appreciation in local currency value. The buying and selling of the dollar was recorded at Rs156.00/Rs156.50 from previous day’s closing of Rs156.20/Rs156.70 in cash ready market.
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Rupee gains four paisas despite long holidays
KARACHI, September 11, 2019 – The Pakistani rupee showed a modest recovery against the US dollar on Wednesday, gaining 4 paisas in the interbank market. This movement came following the reopening of currency markets after an extended break due to holidays, including the regular weekend and public holidays for Ashura-e-Muharram observed on September 9 and 10.
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Rupee appreciates by three paisas despite higher dollar demand
KARACHI: The Pak Rupee appreciated by three paisas against dollar on Friday despite higher demand for import payments during upcoming holidays.
The rupee ended at Rs156.35 to the dollar from previous day’s closing of Rs156.38 in interbank foreign exchange market.
The foreign currency market was initiated in the range of Rs156.80 and Rs156.90. The market recorded day high of Rs156.80 and low of Rs156.30 and closed at Rs156.35.
Currency experts said that the higher demand was seen earlier in the day due to upcoming weekly holidays and further two holidays on account of Ashura Muharram on Monday September 09 and Tuesday September 10.
The exchange rate witnessed stable rupee value in open market.
The buying and selling of dollar was recorded at Rs156.00/Rs156.50, the same previous day’s level, in cash ready market.
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Rupee ends down on coming holidays
KARACHI: The Pak Rupee ended down by 15 paisas against dollar on Thursday owing to higher demand due to upcoming long holidays including weekly and on account of Ashura e Muharram.
The rupee ended Rs156.38 to the dollar from previous day’s closing of Rs156.23 in interbank foreign exchange market.
Currency experts said that weekly holidays of Saturday and Sunday besides Monday and Tuesday for Muharram 9 and 10 kept pressure on the local unit.
The foreign currency market was initiated in the range of Rs156.40 and Rs156.50. The market recorded day high of Rs156.44 and low of Rs156.20 and closed at Rs156.38.
The exchange rate in open market however witnessed appreciation in rupee value.
The buying and selling of dollar was recorded at Rs156.00/Rs156.50 from previous day’s closing of Rs156.10/Rs156.60 in interbank foreign exchange market.
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Rupee gains 40 paisas on improved inflows
KARACHI: The Pak Rupee gained 40 paisas against dollar on Wednesday owing to inflows of export receipts and remittances.
The rupee ended Rs156.23 to the dollar from previous day’s closing of Rs156.63 in interbank foreign exchange market.
Currency experts said that inflows of workers remittances and export receipts helped the local currency to gain values.
The foreign currency market was initiated in the range of Rs156.50 and Rs156.60. The market recorded day high of Rs156.64 and low of Rs156.23 and closed at Rs156.23.
The exchange rate in open market also witnessed appreciation in rupee value.
The buying and selling of dollar was recorded at Rs156.10/Rs156.60 from previous day’s closing of Rs156.20/Rs156.70 in interbank foreign exchange market.
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Rupee ends unchanged
KARACHI: The Pak Rupee ended unchanged against dollar on Tuesday amid demand for import and corporate payments.
The rupee ended Rs156.63 to the dollar, same previous day’s closing in interbank foreign exchange market.
Currency experts said that the rupee value was stable despite demand for import and corporate payments.
The foreign currency market was initiated in the range between Rs156.50 and Rs156.70. The market recorded day high of Rs156.76 and low of Rs156.55 in interbank foreign exchange market.
The exchange rate in open market also witnessed no change in value of the local currency.
The buying and selling of dollar was recorded at Rs156.20/Rs156.70, same previous day’s level, in cash ready market.
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Rupee gains 23 paisas on improved inflows
KARACHI: The Pak Rupee appreciated 23 paisas against dollar on Monday owing to improved inflows of remittances and export receipts.
The rupee ended Rs156.63 to the dollar from previous last Friday’s closing of Rs156.86 in interbank foreign exchange market.
Currency experts said that the rupee value was improved on inflows of remittances and export receipts.
The foreign currency market was initiated in the range between Rs156.40 and Rs156.55. The market recorded day high of Rs156.70 and low of Rs156.45 in interbank foreign exchange market.
The exchange rate in open market also witnessed 30 paisas appreciation in value of the local currency.
The buying and selling of dollar was recorded at Rs156.20/Rs156.70 from last Friday’s closing of Rs156.50/Rs157.00 in cash ready market.
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Rupee ends with 36 paisas gain against dollar
KARACHI: The Pak Rupee ended with gain of 36 paisas against dollar on Friday owing to improved inflows of remittances and export receipts.
The rupee ended Rs156.86 to the dollar from previous day’s closing of Rs157.22 in interbank foreign exchange market.
The currency experts said that the rupee value was improved on inflows of remittances and export receipts.
The foreign currency market was initiated in the range between Rs157.20 and Rs157.30. The market recorded day high of Rs157.20 and low of Rs156.75 in interbank foreign exchange market.
The exchange rate in open market also witnessed 50 paisas appreciation in value of the local currency.
The buying and selling of dollar was recorded at Rs156.50/Rs157.00 from previous day’s closing of Rs157.00/Rs157.50 in cash ready market.
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Rupee gains 47 paisas in mid-day trade
KARACHI: The Pak Rupee made significant gain of 47 paisas against dollar in mid-day trading on Friday owing to inflows of remittances and export receipts.
The dollar is being traded at Rs156.75 to the dollar in interbank foreign exchange market in early trading.
The exchange rate ended at Rs157.22 to the dollar in interbank foreign exchange market on Thursday.
Currency experts said that the improved inflows of worker remittances and export receipts helped the local currency to make gains against the greenback. They said that encouraging economic figures in the month of July and following in August helped to improve sentiments of businesses.
The exchange rate in open market also witnessed appreciation in rupee value in mid-day trading. The dollar is being traded at Rs157.30 from previous day’s closing of Rs157.50.