Tag: Interbank Foreign Exchange Market

KARACHI – The Pakistani Rupee demonstrated stability against the US Dollar in a day of range-bound trading activities on Tuesday.

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The Pakistani Rupee (PKR) remained stable against the US Dollar (USD) in the interbank market on Monday, closing at Rs141.40, the same level as last Friday, despite swirling rumors about a potential downturn following discussions between Pakistani authorities and the International Monetary Fund (IMF) regarding a new loan program.

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KARACHI: The Pak Rupee fell by one paisa against dollar on Friday amid sufficient inflows of export receipts and remittances.

The rupee ended Rs141.40 to the dollar from previous day’s closing of Rs141.39 in interbank foreign exchange market.

The interbank foreign exchange market was initiated in the range of Rs141.34 and Rs141.37.

The market recorded day high of Rs141.40 and low of Rs141.35 and closed at Rs141.40.

The rupee massively fell against dollar in the open market.

The buying and selling of dollar was recorded at Rs142.00/Rs142.50 as compared with previous day’s closing of Rs141.30/Rs141.80 in cash ready market.

Market experts said that the currency would see pressure due to upcoming IMF program and scheduled repayment for foreign debt by the country.

KARACHI: The rupee depreciated by 27 paisas against dollar on Thursday owing to reports of tough conditions under new IMF loan program.

The rupee ended at Rs141.39 to the dollar from previous day’s close of Rs141.12 in interbank foreign exchange market.

The interbank foreign exchange market was initiated in the range of Rs141.15 and Rs141.20. The market recorded day high of Rs141.40 and low ofRs.20 and closed at Rs141.39.

The exchange rate also witnessed decline in rupee value by 10 paisas in open market.

The buying and selling of dollar was recorded at Rs141.30/Rs141.80 as compared with previous day’s closing of Rs141.20/Rs141.70 in cash ready market.

KARACHI: The rupee made significant gain of 17 paisas against dollar on Wednesday after sufficient inflows of remittances and export receipts.

The rupee ended 141.12 to the dollar from Monday’s closing of Rs141.29 in interbank foreign exchange market.

The interbank foreign exchange market was initiated in the range of Rs141.28 and Rs141.35.

The market recorded day high of Rs141.30 and low of Rs141.10 and closed at Rs141.12.

Currency expert said that the sufficient inflows in shape of remittances and export receipts helped the rupee to gain value.

The exchange rate in the open market was remained unchanged.

The buying and selling of dollar was recorded at Rs141.20/141.70 same previous day’s level in cash ready market.

KARACHI: The rupee gained against dollar on Monday after sufficient inflows were available in the market.

The rupee gained three paisas to end at Rs141.29 against dollar from last Friday closing of Rs141.32 in interbank foreign exchange market.

The interbank foreign exchange market was initiated in the range of Rs141.20 and Rs141.25.

The market recorded day high of Rs141.36 and low of Rs141.15 and closed at Rs141.29.

The exchange rate in open market also witnessed appreciation in rupee value by 30 paisas against dollar.

The buying and selling of dollar was recorded at Rs141.00/Rs141.50 from last Saturday’s closing of Rs141.30/Rs141.80 in cash ready market.

KARACHI: The Pak Rupee fell by three paisas against dollar on Friday due to high demand for advance import payments and expected closure of banks on next Monday for deduction of Zakat.

The rupee ended Rs141.32 to the dollar as compared with Rs141.29 in interbank foreign exchange market.

The interbank foreign exchange market initiated was initiated in the range of Rs141.36 and Rs141.39.

The market recorded day high of Rs141.37 and low of Rs141.32 and closed at Rs141.32.

Currency experts said that the demand was remained high during the day due to expected bank holiday on May 06 if Ramazan starts subject to sight of moon.

The exchange rate however ended with gain in rupee value in open market.

The buying and selling of dollar was recorded at Rs141.50/Rs142.00 from previous day’s closing of Rs141.70/Rs142.20 in cash ready market.

KARACHI: The Pak Rupee has gained 10 paisas against dollar on Thursday in interbank foreign exchange market owing to inflows of remittances and export receipts.

The rupee ended Rs141.29 to the dollar from previous day’s close of Rs141.39 in interbank foreign exchange market.

The interbank foreign exchange market was initiated in the range of Rs141.37 and 141.39.

The market recorded day high of Rs141.3850 and low of Rs141.27 and closed at Rs141.29.

Currency experts said that the inflows of remittances and export receipts helped the rupee to make gain. However, they said that Pakistan and IMF talks on new loan program could pressure the local currency.

The exchange rate in open market was remained unchanged.

The buying and selling of dollar was recorded at Rs141.70/Rs142.20, the same previous day level, in cash ready market.

KARACHI: The Pak Rupee made gain against dollar on Tuesday after maintaining levels for 11 consecutive days.

The rupee ended at Rs141.39 to the dollar from previous day’s closing of Rs141.40 in interbank foreign exchange market.

The interbank foreign exchange market was initiated in the range of Rs141.39 and Rs141.40.

The market recorded a high of Rs141.398 and low of Rs141.39 and closed at Rs141.39.

Currency experts said that the market was remained range bound and buyers were eying on the talks between Pakistan and IMF for the new loan program.

The exchange rate in open market was remained unchanged.

The buying and selling of dollar was recorded at Rs141.80/Rs142.30, the same previous day’s closing, in cash ready market.

KARACHI: The Pak Rupee maintained level against the US dollar for the 11th consecutive trading day on Monday owing to lackluster trading activities.

The rupee ended Rs141.40 to the dollar, same level on last Friday, in interbank foreign exchange market.

The interbank foreign exchange market was initiated in the range of Rs141.39 and Rs141.40.

The market recorded day high of Rs141.40 and low of Rs141.3950 and closed at Rs141.40.

The exchange rate in open market ended with 10 paisa depreciation in rupee value.

The buying and selling of dollar was recorded at Rs141.80/ Rs142.20 from last Saturday’s closing of Rs141.70/Rs142.20 in cash ready market.