Tag: Interbank Foreign Exchange Market

KARACHI: The Pak Rupee ended down by Rs2.51 against dollar on Monday due to high demand for import and corporate payments as the currency market opened after a week.

The rupee ended at Rs150.11 to the dollar from June 03, 2019 trading of Rs148.60 in interbank foreign exchange market.

The interbank foreign exchange market was initiated in the range of Rs149.00 and Rs149.50.

The market recorded day high of Rs151.25 and low of Rs149.50 and closed at Rs150.11.

Currency experts said that the market was remained closed during June 04 to June 09 due to Eid and weekly holidays. The weeklong holidays jacked up the demand for import payments and corporate payments.

The exchange rate also witnessed depreciation in rupee value in open market.

The buying and selling of the dollar was recorded at Rs149.50/Rs150.50 as compared with June 03 closing of Rs147.80/Rs148.80.

The Pakistani rupee experienced a significant decline against the US dollar in mid-day trading on Monday, falling by Rs1.60 in the interbank foreign exchange market.

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KARACHI: The Pak Rupee weakened by 70 paisas against dollar on Monday owing to higher demand for import and corporate payments due to upcoming Eid holidays.

The rupee ended Rs148.60 to the dollar from last Friday’s closing of Rs147.90 in interbank foreign exchange market.

The interbank foreign exchange market was initiated in the range of Rs148.00 and Rs148.50.

The market recorded a high of Rs148.90 and low of Rs148.00 and closed at Rs148.60.

Currency experts said that the demand was increased due to upcoming weeklong holidays.

The exchange rate in open market also witnessed decline in rupee value.

The buying and selling of dollar was recorded at Rs148.00/Rs149.00 as compared with previous closing of Rs147.50/Rs148.50 in cash ready market.

KARACHI – The Pakistani Rupee faced a further depreciation of 48 paisas against the US Dollar in intraday trading on Monday, creating fluctuations in the currency market just ahead of the Eid Holidays.

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KARACHI: The Pak Rupee gained another 50 paisas against US dollar on Friday owing to inflows related to Eid improved the supply.

The rupee ended 147.90 to the dollar from previous day’s closing of Rs148.40 in interbank foreign exchange market.

The interbank foreign exchange market was initiated in the range of Rs147.50 and Rs147.75.

The market recorded day high of Rs148.25 and low of Rs147.25 and closed at Rs147.90.

The exchange rate in open market also witnessed 50 paisas increase in rupee value.

The buying and selling of dollar was recorded at Rs147.50/Rs148.50 from the previous day’s closing of Rs148.00/149.00 in the cash ready market.

KARACHI: The Pak Rupee made significant recovery of Rs1.35 against dollar on Thursday owing to measures taken by the government to check illegal outflows of the foreign currency.

The rupee ended Rs148.40 to the dollar from previous day’s closing of Rs149.75 in interbank foreign exchange market.

The interbank foreign exchange market was initiated in the range of Rs149.75 and Rs150.00.

The market recorded day high of Rs149.75 and low of Rs148.25 and closed at Rs148.40.

Currency experts said that the availability of the foreign currency was also improved as expatriates are sending amount to their relatives for Eid related expenses.

The exchange rate also witnessed improvement in the value of local currency.

The buying and selling of dollar was recorded at Rs148.75/Rs149.50 from previous day’s closing of Rs149.00/Rs150.00 in cash ready market.

KARACHI: The Pak Rupee gained 50 paisas against dollar on Wednesday on positive development on economic front.

The rupee ended Rs149.75 to the dollar as compared with last day’s closing of Rs150.25 in interbank foreign exchange market.

The interbank outright foreign exchange market was initiated in the range of Rs149.50 and Rs150.00.

The market recorded a high of Rs150.25 and low of Rs149.50 and closed at Rs149.75.

The exchange rate witnessed no change in the rupee value against dollar.

The buying and selling of dollar was recorded at Rs149.00/Rs150.00 in cash ready market.

KARACHI: The rupee has lost 45 paisas against dollar on Wednesday owing to higher demand for import and corporate payments.

The rupee ended Rs150.25 to the dollar from previous day’s closing of Rs149.80 in interbank foreign exchange market.

The interbank foreign exchange market was initiated in the range of Rs149.75 and Rs150.25.

The market recorded day high of Rs151.00 and low of Rs49.25 and closed at Rs150.25.

The exchange rate witnessed decline in rupee value in open market.

The buying and selling of dollar was recorded at Rs149.00/Rs150.00 from previous day’s closing of Rs148.50/Rs149.50 in cash ready market.

KARACHI: The rupee made gain of Rs1.40 paisas against dollar on Monday in interbank foreign exchange market.

The rupee ended Rs149.80 to the dollar as compared with last Friday’s closing of Rs151.20 in interbank foreign exchange market.

The interbank foreign exchange market on Monday initiated in the range between Rs 150.60 and 150.90.

The market recorded day high of Rs 151.00 and low of Rs 149.25 and closed at Rs 149.80.

The exchange rate in open market also witnessed appreciation in rupee value.

The buying and selling of dollar was recorded at Rs151.20/Rs151.70 from last Friday’s closing of Rs151.80/Rs152.50 in the cash ready market.

KARACHI: The Pak Rupee gained another 25 paisas against dollar for second day on Friday after witnessing massive deterioration during past nine days.

The rupee ended Rs151.20 to the dollar from previous day’s closing of Rs151.45 in interbank foreign exchange market.

The foreign exchange market was initiated in the range of Rs151.30 and Rs151.50.

The market recorded day high o f Rs151.85 and low of Rs151.20 and closed at Rs151.20.

The rupee fell to record low of Rs152 during the current week from the level of Rs141.40 to the dollar on May 15, 2019.

The exchange rate in open market witnessed gain in rupee value.

The buying and selling of dollar was recorded at Rs151.00/Rs152.00 from previous day’s closing of Rs152.00/Rs153.25 in cash ready market.