Tag: Interbank Foreign Exchange Market

KARACHI: The Pak Rupee gained 50 paisas against dollar on Thursday making adjustment after falling massively during the present week.

The rupee ended Rs151.45 to the dollar from previous day’s closing of Rs151.95 in interbank foreign exchange market.

The interbank foreign exchange market was initiated in the range of Rs151.50 and Rs152.00.

The market recorded day high of Rs151.95 and low of Rs151.45 and closed at Rs151.45.

The exchange rate in the open market also witnessed gain in value of the local currency.

The buying and selling of dollar was recorded at Rs152.00/Rs153.25 from previous day’s closing of Rs152.50/Rs154.00.

KARACHI – The Pakistani Rupee displayed resilience on Wednesday, maintaining its level after a series of continuous declines against the US Dollar in the interbank foreign exchange market.

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KARACHI: The Pak Rupee has plunged to another historic low against dollar on Tuesday owing to panic in the financial markets.

The rupee fell by Rs2.35 to end at Rs152 to the dollar from last day’s closing of Rs149.65 in interbank foreign exchange market.

The dollar made a new historic high to reach Rs152 and likely to fell more due to higher demand.

The interbank foreign exchange marked was initiated in the range of Rs151.00 and Rs152.00.

The market recorded a high of Rs152.50 and low of Rs151.75 and closed at Rs152.00.

The exchange rate in open also witnessed historic low of Rs153.50 to the dollar in the cash ready market.

KARACHI: The Pak Rupee fell further 80 paisas against dollar in mid-day trading on Monday.

The dollar is being traded at Rs148.80 as compared with the closing of last Saturday at Rs148 in Interbank Foreign Exchange Market.

The dollar is being traded all time high against rupee in both Interbank Foreign Exchange Market and cash ready market.

KARACHI: The rupee fell by 4.58 percent against dollar during the last week in interbank foreign exchange market. The fall mainly attributed to IMF loan program which was recently agreed by Pakistan.

The dollar reached to record high by end of last weekly trading day on Friday. The interbank foreign exchange market ended Rs148.00 to a dollar.

The country had agreed to the conditionalities involved in IMF’s Extended Fund Facility during this week. Since the initial agreement to the IMF program the financial markets of Pakistan had crashed mercilessly.

Currency analysts said that the dollar appreciated by Rs6.48 during last trading week. The exchange rate was started the week at Rs141.40 and ended at Rs148.00 to the dollar in interbank foreign exchange market.

KARACHI: The Pak Rupee ended down against dollar on Friday and closed at Rs148.00 in interbank foreign exchange market.

The rupee was remained under pressure against dollar and shed Rs1.50 to close at Rs148.00 to the dollar from previous day’s closing of Rs146.50 in interbank foreign exchange market.

The rupee was touched historic lows during intra-day trading.

The interbank foreign exchange market was initiated in the range of Rs146.00 and Rs147.00. The market recorded day high of Rs150 and low of Rs147.50 and closed at Rs148.00.

The exchange in open market also witnessed depreciation of Pak Rupee.

The buying and selling of dollar was recorded Rs148.00/Rs150.50 from previous day’s closing of Rs146.00/Rs147.50 in cash ready market.

KARACHI: The Pak Rupee deteriorated mercilessly on Friday to reach all time low at Rs 150 to the dollar in Interbank Foreign Exchange Market.

The rupee fell around Rs3.50 to the dollar in intraday trading.

The dollar is being traded at Rs 150 from last day closing of Rs146.50.

Currency experts said that the government had left the local currency on market forces on the wishes of IMF.

KARACHI: The Pak Rupee depreciated massively against dollar to end at record low of Rs146.52 by shedding Rs5.12 in the single day trading.

The exchange rate hit Rs148 for one dollar in midday trading. However, the local unit recovered slightly.

The exchange rate in the Interbank market closed today at Rs146.52 per US$ from previous day’s close of Rs141.40 to the dollar: Chief Spokesman State Bank of Pakistan (SBP) said after sharp decline of local currency.

“This movement reflects demand and supply conditions in the foreign exchange market,” Chief Spokesman State Bank.

It will help in correcting market imbalances, he added.

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

The buying and selling of dollar was recorded at Rs146.00/Rs147.50 from previous day’s closing of Rs143.50/Rs144.00 in cash ready market.

Karachi – The Pakistani Rupee experienced a significant downturn in mid-day trading on Thursday, reaching a historic low against the US Dollar at Rs 148 in the Interbank Foreign Exchange Market.

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In Karachi on Wednesday, the Pakistani Rupee showcased resilience against the US Dollar, maintaining its stability in the interbank foreign exchange market. The exchange rate remained unchanged at Rs141.40, echoing the rate observed on the preceding day.

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