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Tag: Interbank Foreign Exchange Market

  • Rupee ends flat against dollar

    Rupee ends flat against dollar

    KARACHI: The Pak Rupee ended flat against dollar on Wednesday despite recovery in the intra-day trading.

    The rupee ended Rs140.28 to the dollar from previous day’s closing of Rs140.27 in interbank foreign exchange market.

    The interbank foreign exchange market was initiated in the range of Rs140.10 and Rs140.20.

    The market recorded day high of Rs140.29 and low of Rs140.20 and closed at Rs140.28.

    The exchange rates in open market were remained unchanged.

    The buying and selling of dollar was recorded at Rs140.50/Rs141.00, the same previous days level, in cash ready market.

  • Rupee gains 17 paisas in mid-day trade

    Rupee gains 17 paisas in mid-day trade

    KARACHI: The Pak Rupee gained 17 paisas against US dollar in mid-day trade on improved inflows.

    The dollar is being traded at Rs140.10 in interbank foreign exchange market. The foreign currency market ended Rs140.27 in last day trading.

    Currency experts said that due to IMF loan program there would be pressure on the local currency in coming days. However, they said that the narrowing trade deficit and shrinking current account deficit could help the local currency to maintain levels.

  • Rupee ends with two paisas gain

    Rupee ends with two paisas gain

    KARACHI: The Pak Rupee gained two paisas against dollar on Tuesday amid higher demand for import and corporate payments.

    The rupee ended Rs140.27 to the dollar from previous day’s closing of Rs140.29 in interbank foreign exchange market.

    The interbank foreign exchange market was initiated in the range of Rs140.25 and Rs140.30.

    The market recorded day high of Rs140.30 and low of Rs140.26 and closed at Rs140.27.

    The exchange rate in open market however ended with appreciation of local currency against the dollar.

    The buying and selling of dollar was recorded at Rs140.50/Rs141.00 from previous day’s closing of Rs140.80/Rs141.30 in cash ready market.

  • Rupee slides by five paisas against dollar

    Rupee slides by five paisas against dollar

    KARACHI: The Pak Rupee ended down by 5 paisas against the US dollar on Monday despite reports of inflows from China.

     The rupee ended Rs140.29 to the dollar from last Friday’s close of Rs140.24 in interbank foreign exchange market.

     The interbank foreign exchange market was initiated in the range of Rs140.25 and Rs140.30.

     The market recorded day high of Rs140.30 and low of Rs140.28 and closed at Rs140.29.

     Currency experts said that the rupee was under pressure due to ongoing talks of the government with IMF for new loan program.

     The exchange rate in the open market was remained stable.

     The buying and selling of dollar was recorded at Rs140.80/Rs141.30, the same level of last Friday’s in cash ready market.

  • Rupee falls by 75 paisas against dollar on import demand

    Rupee falls by 75 paisas against dollar on import demand

    KARACHI: The Pak Rupee fell 75 paisas against US dollar on Friday owing to higher demand for import and corporate payments.

    The rupee ended Rs140.24 to the dollar from previous day’s closing of Rs139.49 in interbank foreign exchange market.

    The interbank foreign exchange market was initiated in the range of Rs139.75 and Rs140.00.

    The market recorded day high of Rs140.25 and low of Rs140.00 and closed at Rs140.24.

    Currency experts said that due to upcoming weekly holidays including holiday on account of Pakistan Day increased the demand for the greenback.

    They also said that the latest development related on new IMF loan also put pressure on local unit demand.

    In the open market the rupee fell even more significantly against the greenback.

    The buying and selling of dollar was recorded at Rs140.80/141.30 as compared with previous day’s closing of Rs139.70/140.20 in cash ready market.

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  • Rupee declines by 61 paisas against dollar in early trade

    Rupee declines by 61 paisas against dollar in early trade

    KARACHI: The Pak Rupee significantly declined by 61 paisas against US dollar in early trade on Friday.

    The dollar is being traded at Rs140.10 in interbank foreign exchange market. The foreign currency market was ended last day at Rs139.49 to the dollar.

    Currency experts said that due to high demand for import and corporate payment and coming weekly holidays escalated the pressure.

    The latest increase in dollar value was despite the rise in foreign exchange reserves of the country.

  • Rupee depreciates by five paisas against dollar

    Rupee depreciates by five paisas against dollar

    KARACHI: The Pak Rupee depreciated by five paisas against the US dollar on Thursday due to import and corporate payments.

    The rupee ended Rs139.49 to the dollar from previous day’s closing of Rs139.44 in interbank foreign exchange market.

    The interbank foreign exchange market was initiated in the range of Rs139.48 and Rs139.50. The market recorded day high of Rs139.50 and low of Rs139.49.

    The exchange rate in open market also deteriorated.

    The dollar’s buying and selling was recorded at Rs139.70/Rs140.20 as compared with Rs139.30/Rs139.80 in the cash ready market.

  • Rupee eases against dollar in early trading

    Rupee eases against dollar in early trading

    KARACHI: The Pak Rupee eased slightly against US dollar in early day trading on Wednesday despite demand for import and corporate payments.

    The dollar is being traded at Rs139.40 in interbank foreign exchange market. The foreign currency market was ended at Rs139.39 a day earlier.

    Currency experts said that the local currency was under pressure for the last few days due to the government affirmation for new loan negotiation with the IMF.

    The experts said that value of the local unit might rebound with the inflows of financial assistance from friendly countries.

  • Rupee unchanged against dollar

    Rupee unchanged against dollar

    KARACHI: The Pak Rupee was remained unchanged against dollar on Tuesday in a range bound trading activity.

    The rupee ended at Rs139.39 to the dollar, the same previous day’s closing, in interbank foreign exchange market.

    The interbank foreign exchange market was initiated in the range of Rs139.35 and Rs139.40.

    The market recorded day high of Rs139.40 and low of Rs139.38 and closed at Rs139.39.

    The exchange rate in open market was also remained unchanged.

    The buying and selling of dollar was recorded at Rs139.20/Rs139.70, the same previous day’s level, in cash ready market.

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    Rupee ends down by 11 paisas against dollar

  • Rupee ends down by 11 paisas against dollar

    Rupee ends down by 11 paisas against dollar

    KARACHI: The rupee ended down by 11 paisas against dollar on Monday owing to high demand for import and corporate payments.

    The rupee closed at Rs139.39 to the dollar from last Friday’s close of Rs139.28 in interbank foreign exchange market.

    The interbank foreign exchange market was initiated in the range of Rs139.30 and Rs139.40.

    The market recorded a high of Rs139.40 and low of Rs139.30 and closed at Rs139.39.

    Currency experts said that the demand pressure was due to market opened after two weekly holidays.

    They said that the narrowed trade deficit and current account deficit would help the rupee to regain some values in coming days.

    They further said that the inflows from friendly countries would also help the local unit to gain the values against the greenback.

    The exchange rate in open market also witnessed depreciation in rupee value by 20 paisas.

    The buying and selling of dollar was recorded at Rs139.20/Rs139.70 as compared with last Saturday’s closing of Rs139.00/Rs139.50 in cash ready market.

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