Tag: Interbank Foreign Exchange Market

KARACHI: The Pak Rupee gained 34 paisas against dollar on Monday as inflows of home remittances and export receipts helped the local unit to appreciate.

The rupee ended Rs158.62 to the dollar from last Friday’s closing of Rs158.96 in interbank foreign exchange market.

Currency experts said that the inflows of home remittances related to Eid ul Azha and improved export receipts helped the local unit to improve the value.

The foreign currency market was initiated in the range of Rs158.80 and Rs158.90. The market recorded day high of Rs158.80 and low of Rs158.60 and closed at Rs158.62.

The exchange rate in open market was also witnessed appreciation in local currency. The buying and selling of dollar was recorded at Rs158.50/Rs159.00 from last Friday’s closing of Rs159.00/Rs159.50 in cash ready market.

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Rupee slips by 52 paisas in interbank

The rupee faced a decline of 52 paisas against the US dollar on Friday as the interbank market resumed operations following an extended week-long closure due to Eid and regular weekend holidays. The local currency ended at Rs158.96 against the dollar, compared to its previous close of Rs158.44 last Friday.

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KARACHI: The Pak Rupee ended down by 19 paisas against dollar on Friday owing to higher demand for import payments ahead of Eid and weekly holidays.

The rupee closed at Rs158344 to the dollar from previous day’s closing of Rs158.25 in interbank foreign exchange market.

Currency experts said that demand for greenback was high due to Eid and weekly holidays. The market will remain close for next six days and will reopen next Friday August 16, 2019.

The government has announced holidays for Eid-ul-Azha from August 12 to August 15.

The exchange rate in open market also witnessed significant depreciation in rupee value. The buying and selling of dollar was recorded at Rs158.30/Rs159.30 from previous day’s closing of Rs157.40/Rs158.40 in cash ready market.

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Rupee ends unchanged against dollar

KARACHI: The Pak Rupee ended unchanged against dollar on Thursday despite inflows of remittances and export receipts.

The rupee ended Rs158.25 to the dollar, the same previous day’s closing, in interbank foreign exchange market.

The rupee earlier in the day gained 40 paisas to the dollar to make day’s low of Rs157.85. However, the local unit failed to sustain the level against the greenback.

Currency experts said that demand for import payments offset the inflows. They said that long holidays including weekly holidays and then Eid holidays from August 12 to 15, 2019 encouraged the advance payment for future imports.

The exchange rate in open market, however, witnessed gain in rupee value. The buying and selling of dollar was recorded at Rs157.40/Rs158.40 from previous day’s closing of Rs157.50/Rs158.50 in cash ready market.

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Rupee continues to make gain against dollar on eighth consecutive trading day

KARACHI: The Pak Rupee continued appreciation against dollar as the local unit gained 40 paisas in early trade on Thursday.

The US dollar is being traded at Rs157.85 in interbank foreign exchange market. Last day the rupee was ended at Rs158.25 to the dollar.

Currency experts said that the inflows of home remittances related to Eid-ul-Azha helped the rupee to gain against the greenback.

Further the improved exports receipts also helped the rupee to gain value.

Prime Minister’s Advisor on Commerce, Textile, Industries and Production and Investment Abdul Razak Dawood a day earlier said that Pakistan’s exports had increased by 14.23 percent in July, 2019 as compared to same month of last year.

He further said that Pakistan’s imports from other countries also reduced by 18.39 percent during the month.

KARACHI: The Pak Rupee continued to make gain against dollar for eighth consecutive day on Wednesday owing to improved inflows of home remittances related to Eid-ul-Azha.

The rupee gained 40 paisas to end Rs158.25 to the dollar from previous day’s closing of Rs158.65 in interbank foreign exchange market.

Currency dealers said that the rupee was improving as overseas Pakistanis are sending foreign exchange to their relatives for Eid related expenses.

The foreign currency market was initiated in the range of Rs158.55 and Rs158.65. The market recorded day high of Rs158.55 and low at Rs158.25 and closed at Rs158.25.

The rupee started recovery against the dollar during the last week and continued so far. The rupee has gained around Rs2.28 to the dollar during the past eight consecutive sessions.

The exchange rate in open market also witness appreciation in rupee value. The buying and selling of dollar was recorded at Rs157.50/Rs158.50 as compared with last day’s closing of Rs157.70/Rs158.70 in cash ready market.

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Rupee appreciates for 7th consecutive trading day

KARACHI: The Pak Rupee has appriciated for the seventh consecutive trading date and gained 29 paisas against dollar on Tuesday amid improved inflows of home remittances related to Eid-ul-Azha.

The rupee ended Rs158.65 to the dollar from previous day’s closing of Rs158.94 in interbank foreign exchange market.

Currency dealers said that the rupee was improving as overseas Pakistanis are sending foreign exchange to their relatives for Eid related expenses.

The foreign currency market was initiated in the range of Rs158.75 and Rs158.90. The market recorded day high of Rs158.80 and low at Rs158.50 and closed at Rs158.65.

The rupee started recovery against the dollar during the last week and continued on the start of current week. The rupee has gained around Rs1.88 to the dollar during the past seven consecutive sessions.

The exchange rate in open market also witness appreciation in rupee value. The buying and selling of dollar was recorded at Rs157.70/Rs158.70 as compared with last day’s closing of Rs157.80/Rs158.80 in cash ready market.

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Rupee continues to make recovery against dollar

KARACHI: The Pak Rupee continued to make recovery and gained 18 paisas against dollar on Monday owing to inflows under home remittances for Eid related expenses.

The rupee ended Rs158.94 to the dollar as compared with Rs159.12 in interbank foreign exchange market.

The rupee started recovery against the dollar during the last week and continued on the start of current week. The rupee has gained around Rs1.59 to the dollar during the past six consecutive sessions.

The foreign currency market was initiated in the range of Rs159.10 and Rs159.15. The market recorded day high o Rs159.10 and low of Rs158.94 and closed at Rs158.95.

The exchange rate in open market also witnessed recovery in rupee value. The buying and selling of dollar was recorded at Rs157.80/Rs158.80 from last Friday’s closing of Rs158.40/Rs159.40 in cash ready market.

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Eid related inflow helps rupee to gain

KARACHI: The Pak Rupee gained 30 paisas against dollar on Friday as overseas Pakistanis were sending remittances to their relatives for Eid related expenses.

The rupee closed at Rs159.12 to the dollar from previous day’s closing of Rs159.42 in interbank foreign exchange market.

The local currency recovered around Rs1.47 against the dollar during past five consecutive days.

The foreign currency market was initiated in the range of Rs159.45 and Rs159.55. The market recorded day high of Rs159.55 and low of Rs159.08 and closed at Rs159.12.

The exchange rate in open market also witnessed gain of 20 paisas in the rupee value. The buying and selling of dollar was recorded at Rs158.40/Rs159.40 from previous day’s closing of Rs158.60/Rs159.60 in cash ready market.

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Rupee gains 18 paisas in interbank market

KARACHI: The Pak Rupee gained 18 paisas against dollar on Thursday owing to improved inflows of foreign remittances and export receipts.

The rupee closed at Rs159.42 to the dollar from previous day’s closing of Rs159.60 in interbank foreign exchange market.

The foreign currency market was initiated in the range of Rs159.60 and Rs159.68. The market recorded day high of Rs159.60 and low of Rs159.35 and closed at Rs159.42.

The exchange rate in open market also witnessed gain in the rupee value. The buying and selling of dollar was recorded at Rs158.60/Rs159.60 from previous day’s closing of Rs159.00/Rs160.00 in cash ready market.

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Rupee gains 46 paisas in interbank market