Tag: Interbank Foreign Exchange Market

KARACHI: The Pak Rupee made significant gain of 27 paisas against dollar in early day trading owing to inflows of remittances and export receipts.

The dollar is being traded at Rs156.95 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.

KARACHI: The Pak Rupee gained 7 paisas against dollar owing to improved inflows of remittances and export receipts.

The rupee ended Rs157.22 to the dollar from previous day’s closing of Rs157.29 in interbank foreign exchange market.

Currency experts said that the improved inflows of worker remittances and export receipts helped the local currency to make gains against the greenback.

The foreign currency market was initiated in the range between Rs157.25 and Rs157.35. The market recorded day high of Rs157.39 and low of Rs157.20 and ended at Rs157.22.

The exchange rate in open market also witnessed appreciation in rupee value. The buying and selling of dollar was recorded at Rs157.00/Rs157.50 from the previous day’s closing of Rs157.10/Rs157.60.

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Rupee eases by three paisas on dollar demand

KARACHI: The Pak Rupee eased by three paisas against dollar on Wednesday owing to rise in demand for import payments.

The rupee ended at Rs157.29 to the dollar from previous day’s closing of Rs157.26 in interbank foreign exchange market.

Currency experts said that the dollar demand was remained higher during the day. However, the local unit managed the early day losses.

The foreign currency market was initiated in the range of Rs159.40 and Rs157.48. The market recorded day high of Rs157.60 and low of Rs157.28 and close at Rs157.29.

The exchange rate in open market also witnessed depreciation in rupee value. The buying and selling of dollar was recorded at Rs157.10/Rs157.60 from previous day’s closing of Rs157.00/Rs157.50 in cash ready market.

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Rupee gains 10 paisas on improved inflows

KARACHI: The Pak Rupee gained 10 paisas against dollar on Tuesday owing to improved inflows of export receipts and workers remittances.

The rupee ended Rs157.26 to the dollar from previous day’s closing of Rs157.36 in interbank foreign exchange market.

Currency experts said that the inflows from export receipts and worker remittances kept the market sentiments high. They also said that the demand for import payment was also low due to higher duty and tax regime.

The foreign currency market was initiated in the range of Rs157.30 and Rs157.35. The market recorded day high of Rs157.45 and low of Rs157.24 and closed at Rs157.26.

The exchange rate in open market also witnessed appreciation in the rupee value. The buying and selling of dollar was recorded at Rs157.00/Rs157.50 from previous day’s closing of Rs157.10/Rs157.60 in cash ready market.

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Rupee gains six paisas amid higher dollar demand

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

The rupee ended Rs157.36 to the dollar from last Friday’s closing of Rs157.42 in interbank foreign exchange market.

Currency dealers said that the local unit was under pressure earlier in the day due to higher demand for dollar in the foreign currency market. They said that the greenback demand was high because market was opened after weekly holidays.

The foreign currency market was initiated in the range of Rs157.60 and Rs157.70. The market recorded day high of Rs157.65 and low of Rs159.30 and closed at Rs157.36.

The exchange rate in open market also witnessed appreciation in rupee value. The buying and selling of dollar was recorded at Rs157.10/Rs159.60 from last Friday’s closing of Rs157.30/Rs157.80 in cash ready market.

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Rupee appreciates by 82 paisas in interbank market

KARACHI: The Pak Rupee appreciated by 82 paisas against dollar on Friday owing to improved economic indicators.

The rupee ended Rs157.42 to the dollar from previous day’s closing of Rs158.24 in interbank foreign exchange market.

The rupee made significant gain earlier in the day and gained Re1 in its value owing to better economic indicators.

The foreign currency market was initiated in the range of Rs157.45 and Rs157.55. The market recorded day high of Rs157.90 and low of Rs157.24 and closed at Rs157.42.

Currency experts said that positive economic indicators and sharp recovery in the stock exchange boosted the confidence of the investors.

Besides, contraction in current account deficit also helped the rupee to recover against the greenback.

The rupee witnessed sharp decline against the dollar in the past two years. However, for the last few days the local unit was making recovery gradually.

The exchange rate in open market also witnessed appreciation in rupee value. The buying and selling of dollar was recorded at Rs157.30/Rs157.80 from previous day’s closing of Rs158.20/Rs158.70 in cash ready market.

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Rupee gains 34 paisas on improved investors’ sentiments

KARACHI: The Pak Rupee witnessed massive recovery of Re1 against dollar in early trade on Friday, dealers said.

The dollar is being traded at Rs157.24 in early trade on Friday as compared with last day’s closing of Rs158.24 in interbank foreign exchange market.

Currency experts said that positive economic indicators and sharp recovery in the stock exchange boosted the confidence of the investors.

Besides, contraction in current account deficit also helped the rupee to recover against the greenback.

The rupee witnessed sharp decline against the dollar in the past two years. However, for the last few days the local unit was making recovery gradually.

KARACHI: The Pak Rupee gained 34 paisas against dollar on Thursday owing to improved confidence of investors on the country’s capital market and narrowed current account deficit.

The rupee ended Rs158.24 to the dollar from previous day’s closing of Rs158.58 in interbank foreign exchange market.

Currency experts said that the improved sentiments of investors in the stock market also impacted the currency market.

Besides, the narrowed current account deficit in July 2019 also helped the rupee to improve levels.

The foreign currency market was opened in the range of Rs 158.40 and Rs158.50. The market recorded day high of Rs158.40 and low of Rs158.15 and closed at Rs158.24.

The exchange rate in open market also witnessed appreciation of the local unit. The buying and selling of dollar was recorded at Rs158.20/Rs158.70 from previous day’s close of Rs158.50/Rs159.00 in cash ready market.

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Rupee makes gain in interbank

KARACHI: The Pak Rupee gained two paisas against dollar on Wednesday owing to lower demand for import payments and contraction in current account deficit.

The rupee ended 158.58 to the dollar from previous day’s closing of Rs158.60 in interbank foreign exchange market.

Currency experts said that contraction in current account deficit and lower demand for import payment help the rupee to maintain levels.

The foreign currency market was initiated in the range of Rs158.73 and Rs158.78. The market recorded day high of Rs158.76 and low of Rs158.57 and closed at Rs158.58.

The exchange rates in open market were remained stable, The buying and selling of dollar was recorded at Rs158.50/Rs159.00, the same previous day’s closing level, in cash ready market.

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Rupee gains two paisas in interbank market

KARACHI: The Pak Rupee gained two paisas against dollar in interbank foreign exchange market on Tuesday as inflows are providing support to the local currency.

The rupee ended Rs158.60 to the dollar from previous day’s closing of Rs158.62 in interbank foreign exchange market.

Currency experts said that inflows of home remittances and export receipts were providing support to the local currency. Besides, the measures taken in the budget also discourage imports of luxury and non-essential items.

The foreign currency market was initiated in the range of Rs158.70 and Rs158.80. The market recorded day high of Rs158.75 and low of Rs158.58 and closed at Rs158.60.

The exchange rate in open market was remained unchanged. The buying and selling of dollar was recorded at Rs158.50/Rs159.00, the same previous day’s level, in cash ready market.

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Rupee gains 34 paisas on improved foreign inflows