KARACHI – In the early hours of Wednesday, the Pakistani Rupee demonstrated resilience, maintaining its level against the US Dollar in the interbank foreign exchange market.
(more…)Tag: Interbank Foreign Exchange Market
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Rupee ends down by 30 paisas against dollar
KARACHI: The Pak Rupee depreciated by 30 paisas against dollar on Wednesday owing to reports of IMF conditionalities for new loan program.
The rupee ended down by 30 paisas to close at Rs141.40 to the dollar from previous day’s close of Rs141.10 in interbank foreign exchange market.
The interbank foreign exchange market was initiated in the range of Rs141.20 and Rs141.40.
The market recorded day high of Rs141.40 and low of Rs141.39 and closed at Rs141.40.
The exchange rate in open market also witnessed devaluation of local currency.
The buying and selling of dollar was recorded at Rs142.50/Rs143.00 from previous day’s close of Rs142.00/Rs142.50 in cash ready market.
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Rupee falls by 26 paisas in mid-day trading
KARACHI: The rupee depreciated by 26 paisas against dollar on Wednesday owing to hike in policy rate and petroleum products.
The dollar is being traded at Rs 141.36 in mid-day trade in interbank foreign exchange market. The foreign currency market ended last day at Rs 141.10 to the dollar.
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Rupee ends down by 21 paisas in interbank
KARACHI: The rupee depreciated by 21 paisas against dollar on Tuesday owing to hike in policy rate and petroleum products.
The rupee ended Rs141.10 to the dollar from last Friday’s close of Rs140.89 in interbank foreign exchange market.
The interbank foreign exchange market was initiated in the range of Rs140.90 and Rs140.95.
The market recorded day high of Rs141.10 and low of Rs140.95 and closed at Rs141.10.
The exchange rate in open market was moved in favour of the local unit.
The buying and selling of dollar was recorded at Rs142.00/Rs142.50 to the dollar from last day’s closing of Rs142.00/Rs142.70 in cash ready market.
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Rupee falls to Rs141.05 against dollar in interbank early trade
KARACHI: The Pak Rupee depreciates by 16 paisas against US dollar in early trade on Tuesday owing to reports of IMF conditionalities for new loan program.
The dollar is being traded at Rs141.05in interbank foreign exchange market. The foreign currency market was closed yesterday at Rs140.89 to the dollar.
The local currency was showing declining trend since last week due to increase in key policy rate, high inflation, rise in petroleum prices and the government negotiations to enter new IMF loan program.
Reportedly the IMF had asked Pakistan to introduce new exchange rate regime which should be based on market forces.
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Rupee eases by 11 paisas against dollar
KARACHI: The rupee depreciated 11 paisas against dollar on Monday owing to hike in policy rate and petroleum products.
The rupee ended Rs140.89 to the dollar from last Friday’s close of Rs140.78 in interbank foreign exchange market.
The interbank foreign exchange market was initiated in the range of Rs140.80 and Rs140.85.
The market recorded day high of Rs140.90 and low of Rs140.85 and closed at Rs140.89.
The exchange rate in open market was also changed with depreciation of the local currency.
The buying and selling of dollar was recorded at Rs142.00/Rs142.70 to the dollar from last Saturday’s closing of Rs142.00/Rs142.50 in cash ready market.
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Rupee falls by 7 paisas in early trade
KARACHI: The Pak Rupee fell by seven paisas against dollar in early trade on Monday.
The dollar is being traded at Rs140.85 in interbank foreign exchange market. The foreign currency market was ended at Rs140.78 on last Friday.
Currency experts said the rupee was sliding due to ongoing discussions with IMF for new loan program.
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Rupee sheds 49 paisas against dollar
KARACHI: The Pak Rupee fell sharply by 49 against the US dollar on Friday owing to higher demand for import and corporate payments.
The rupee ended Rs140.78 to the dollar from previous day’s close of Rs140.29 in interbank foreign exchange market.
The interbank foreign market was initiated in the range of Rs140.60 and Rs140.80.
The market recorded day high of Rs140.80 and low of Rs140.78 and closed at Rs140.78.
The rupee also fell by 80 paisas in the open market against dollar.
The buying and selling of dollar was recorded at Rs141.30/Rs141.80 from previous day’s closing of Rs140.50/Rs141.00 in cash ready market.
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Rupee falls by 41 paisas against dollar in early trade
KARACHI: The Pak Rupee witnessed massive fall of 41 paisas against US dollar in early trade on Friday.
The dollar is being traded at Rs140.70 in Interbank Foreign Exchange Market. The foreign currency market ended yesterday at Rs140.29 to the dollar.
Currency experts said the higher demand for import and corporate demand escalated the rupee value.
The experts said that the State Bank of Pakistan is announcing monetary policy today. This announcement also pressurized the local currency.
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Rupee ends firmer against dollar
KARACHI: The Pak Rupee ended firmer against the US dollar on Thursday in a range bound trading activity.
The rupee ended Rs140.29 to the dollar from previous day’s close of Rs140.28 in interbank foreign exchange market.
The interbank foreign exchange market was initiated in the range of Rs140.28 and Rs140.30.
The market recorded day high of Rs140.30 and low of Rs140.29 and closed at Rs140.29.
The exchange rate remained unchanged in open market.
The buying and selling of dollar was recorded at Rs140.50/Rs141.00, the same previous day’s level, in cash ready market.