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Tag: Interbank Foreign Exchange Market

  • Rupee eases against dollar on higher corporate demand

    Rupee eases against dollar on higher corporate demand

    KARACHI: The Pak Rupee ended down by one paisa against dollar on Monday on higher demand from corporate sector.

    The rupee ended Rs141.40 to the dollar from last Friday’s closing of Rs141.39 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 Rs141.35 and closed at Rs141.40.

    Currency dealers said that the local unit gained earlier in the day. However, on demand corporate side the value rebounded.

    In open market the rupee gained 20 paisas against dollar.

    The buying and selling of dollar was recorded at Rs141.80/Rs142.30 from last Saturday’s closing of Rs142.00/Rs142.50 in cash ready market.

  • Rupee gains four paisas against dollar in early trade

    Rupee gains four paisas against dollar in early trade

    KARACHI: The Pak Rupee gained 4 paisas against dollar in early trade on Monday owing to narrowing trade deficit during first nine months in the current fiscal year.

    The dollar is being traded at Rs141.35 to the dollar in interbank foreign exchange market. The foreign current market was ended at Rs141.39 to the dollar on last Friday.

    The trade deficit was narrowed by 8 percent during July – March 2018/2019 to $23.67 billion as compared with the deficit of $27.21 billion in the corresponding period of the last fiscal year.

    The trade deficit significantly shrank by 21 percent in March 2019 to $2.17 billion as compared with $3.02 billion in the same month of the last year.

  • Rupee ends firmer against dollar

    Rupee ends firmer against dollar

    The Pakistani Rupee maintained its firm position against the US Dollar on Friday, driven by a lack of robust demand for imports and corporate payments.

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  • Rupee ends flat in interbank market

    Rupee ends flat in interbank market

    The Pakistani Rupee concluded Thursday’s trading session without significant changes against the US Dollar, maintaining a stable position despite initial gains.

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  • Rupee gains 4 paisas in early trade on declining import bill

    Rupee gains 4 paisas in early trade on declining import bill

    KARACHI: The Pak Rupee gained 4 paisas against dollar in early day trading on Thursday after the reports of significant fall in import bill in March 2019.

    The dollar is being traded at Rs141.34 to the dollar in interbank foreign exchange market. The foreign currency market was ended at Rs141.38 to the dollar.

    The import bill has been declined by 21 percent in March 2019 to $4.15 billion as compared with $5.25 billion in March 2017.

    The total import bill during first nine months of current fiscal year fell by 8 percent to $40.75 billion as compared with $44.28 billion in July – March 2017/2018.

  • Rupee makes gain against dollar

    Rupee makes gain against dollar

    KARACHI: The Pak Rupee made slight gain against dollar on Wednesday amid lower demand for import and corporate payments.

    The rupee ended Rs141.38 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 Rs141.39 and 141.40.

    The market recorded day high of Rs141.39 and low of Rs141.37 and closed at Rs141.38.

    In open market the exchange rate was ended with 20 paisas gain in rupee value.

    The buying and selling of dollar was recorded at Rs142.00/Rs142.50 in from previous day’s closing of Rs142.30/Rs142.70 in cash ready market.


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    Rupee ends firmer in rang bound trading

  • Rupee ends firmer in range bound trading

    Rupee ends firmer in range bound trading

    KARACHI: The Pak Rupee ended firmer against dollar on Tuesday in a range bound trading activity.

    The rupee ended Rs141.38 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 Rs141.39 and Rs141.40.

    The market recorded a high of Rs141.40 and low of Rs141.38 and closed at Rs141.38.

    The rupee however gained in open market against the greenback.

    The buying and selling of dollar was ended at Rs142.30/Rs142.70 from previous day’s closing of Rs142.50/Rs142.50 in cash ready market.


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    Rupee ends down by nine paisas

  • Rupee ends down by nine paisas

    Rupee ends down by nine paisas

    KARACHI: The Pak Rupee ended down by nine paisas against dollar on Monday after gaining value earlier in the day.

    The rupee ended Rs141.39 to the dollar from last Friday’s closing of Rs141.30 in interbank foreign exchange market.

    The interbank foreign exchange was initiated in the range of Rs141.10 and Rs141.20. The market recorded day high of Rs141.40 and low of Rs141.20 and closed at Rs141.39.

    The exchange rate in open market was remained unchanged.

    The buying and selling of dollar was recorded at Rs142.50/Rs142.80 the same last Saturday’s level in cash free market.


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    Rupee gains 10 paisas against dollar

  • Rupee gains 10 paisas against dollar

    Rupee gains 10 paisas against dollar

    KARACHI: The Pak Rupee gained 10 paisas against dollar on Friday following ease in demand for scheduled repayment for foreign loans.

    The rupee ended Rs141.30 to the dollar from previous day’s close of Rs141.40 in interbank foreign exchange market.

    The interbank foreign exchange market was initiated in the range of Rs141.35 and Rs141.40. The market recorded day high of Rs141.35 and low of Rs141.20 and closed at Rs141.30.

    A day earlier the State Bank of Pakistan (SBP) in a meeting with representatives of Forex Association of Pakistan (FAP) had assured that repayment pressure against foreign loans was eased and rupee value would increased in coming days.

    In the open market the exchange rates were remained stable.

    The buying and selling of dollar was recorded at Rs142.50/Rs143.00, the same previous day’s level, in cash ready market.

  • Rupee ends stable against dollar

    Rupee ends stable against dollar

    KARACHI: The rupee ended stable against dollar on Thursday after government assurance of no link of rupee value with IMF deal.

    The rupee ended at Rs141.40 to the dollar, the same previous day’s level, 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 Rs141.399 and closed at Rs141.40.

    The exchange rates in open market were also ended stable.

    The buying and selling of dollar was recorded at Rs142.50/Rs143.00, the same previous day’s level, in cash ready market.