Tag: Interbank Foreign Exchange Market

KARACHI: The Pak Rupee ended sharply down by 30 paisas against US dollar on Tuesday owing to latest border violation by Indian air force.

Indian military planes violated the Line of Control (LoC), intruding from the Muzaffarabad sector, Director-General Inter-Services Public Relations Major-General Asif Ghafoor said on his official Twitter account early on Tuesday.

Following the mounting tension at borders the currency markets witnessed deterioration.

The rupee ended Rs138.88 to the dollar as compared with previous day’s close of Rs138.88 in interbank foreign exchange market.

Last week the Pak Rupee made significant gain dollar owing to shrinking current account deficit and foreign inflows.

Last Friday the rupee maintained gains for the third consecutive day as exchange rate was reached to Rs138.92 to the dollar on February 19, 2019.

Pakistan’s current account deficit has narrowed by 16.8 percent to $8.424 billion owing to declining imports and improved foreign remittances.

According to statistics released by State Bank of Pakistan (SBP), the current account deficit narrowed to $8.424 billion during July – January 2018/2019 as compared with the deficit of $10.124 billion in the corresponding period of the last fiscal year.

The exchange rate also changed in open market and local unit lost 20 paisas.

The buying and selling of dollar was recorded at Rs138.50/Rs139.00 from previous day’s closing of Rs138.30/Rs138.80.

KARACHI: The Pak Rupee fell sharply by 28 paisas against US dollar in early trade on Tuesday owing to latest border violation by Indian air force.

Indian military planes violated the Line of Control (LoC), intruding from the Muzaffarabad sector, Director-General Inter-Services Public Relations Major-General Asif Ghafoor said on his official Twitter account early on Tuesday.

Following the mounting tension at border the financial markets witnessed deterioration.

The dollar is being traded at Rs138.86 in interbank foreign exchange market. The exchange was ended last day at Rs138.58 to the dollar.

Earlier on last Friday, the Pak Rupee gained for the third consecutive day against dollar owing to shrinking current account deficit and foreign inflows.

The rupee ended with gain of eight paisas to end at Rs138.55 to the dollar as compared with previous day’s closing of Rs138.63 in interbank foreign exchange market.

The rupee maintained gains for the third consecutive day as exchange rate was reached to Rs138.92 to the dollar on February 19, 2019.

Pakistan’s current account deficit has narrowed by 16.8 percent to $8.424 billion owing to declining imports and improved foreign remittances.

According to statistics released by State Bank of Pakistan (SBP), the current account deficit narrowed to $8.424 billion during July – January 2018/2019 as compared with the deficit of $10.124 billion in the corresponding period of the last fiscal year.

In the open market the local unit, however, maintained level.

KARACHI: The Pak Rupee ended down against US dollar on Monday owing to higher demand for import and corporate payments.

The rupee depreciated by three paisas to close at Rs138.58 to the dollar from last Friday’s close of Rs138.55 in interbank foreign exchange market.

The interbank foreign exchange market was initiated in the range of Rs138.70 and Rs138.75.

The market recorded day high of Rs138.70 and low of Rs138.52 and closed at Rs138.58.

The local currency fell after maintaining gain for three consecutive trading days,

Earlier on last Friday, the Pak Rupee gained for the third consecutive day against dollar owing to shrinking current account deficit and foreign inflows.

The rupee ended with gain of eight paisas to end at Rs138.55 to the dollar as compared with previous day’s closing of Rs138.63 in interbank foreign exchange market.

The rupee maintained gains for the third consecutive day as exchange rate was reached to Rs138.92 to the dollar on February 19, 2019.

Pakistan’s current account deficit has narrowed by 16.8 percent to $8.424 billion owing to declining imports and improved foreign remittances.

According to statistics released by State Bank of Pakistan (SBP), the current account deficit narrowed to $8.424 billion during July – January 2018/2019 as compared with the deficit of $10.124 billion in the corresponding period of the last fiscal year.

In the open market the local unit, however, maintained level.

The buying and selling of dollar was recorded at Rs138.30/Rs138.80, the same level ended on Saturday, in cash ready market.

KARACHI: The Pak Rupee has continued its appreciation against the US dollar and gained 10 paisas in early trade on Monday.

The US dollar is being traded at Rs138.45 in interbank foreign exchange market.

The exchange rate was closed at Rs138.55 to a dollar on last Friday or February 22, 2019.

Currency analysts said that the narrowed current account deficit had improved market sentiments.

Earlier on last Friday, the Pak Rupee gained for the third consecutive day against dollar owing to shrinking current account deficit and foreign inflows.

The rupee ended with gain of eight paisas to end at Rs138.55 to the dollar as compared with previous day’s closing of Rs138.63 in interbank foreign exchange market.

The rupee maintained gains for the third consecutive day as exchange rate was reached to Rs138.92 to the dollar on February 19, 2019.

Pakistan’s current account deficit has narrowed by 16.8 percent to $8.424 billion owing to declining imports and improved foreign remittances.

According to statistics released by State Bank of Pakistan (SBP), the current account deficit narrowed to $8.424 billion during July – January 2018/2019 as compared with the deficit of $10.124 billion in the corresponding period of the last fiscal year.

KARACHI: The rupee gained 10 paisas against dollar on Saturday in open market owing to inflows of foreign currency.

The buying and selling of dollar was recorded at Rs138.30/Rs138.80 from previous day’s closing of Rs138.50/Rs138.90.

The local currency was remained buoyant against the greenback in interbank foreign exchange market during the week owing to significant fall in current account deficit.

Pakistan’s current account deficit has narrowed by 16.8 percent to $8.424 billion owing to declining imports and improved foreign remittances.

According to statistics released by State Bank of Pakistan (SBP) on Thursday, the current account deficit narrowed to $8.424 billion during July – January 2018/2019 as compared with the deficit of $10.124 billion in the corresponding period of the last fiscal year.

The exchange rate in interbank market ended at Rs138.55 on Friday as rupee gained for the third consecutive day against the dollar.

KARACHI: The Pak Rupee gained for the third consecutive day against dollar on Friday owing to shrinking current account deficit and foreign inflows.

The rupee ended with gain of eight paisas to end at Rs138.55 to the dollar as compared with previous day’s closing of Rs138.63 in interbank foreign exchange market.

The rupee maintained gains for the third consecutive day as exchange rate was reached to Rs138.92 to the dollar on February 19, 2019.

Currency experts said that the improved inflows of workers remittances and narrowed current account deficit improved the local currency.

The interbank foreign exchange market was initiated in the range of Rs138.70 and 138.75.

The market recorded day high of Rs138.70 and low of Rs138.52 and closed at Rs138.55.

Pakistan’s current account deficit has narrowed by 16.8 percent to $8.424 billion owing to declining imports and improved foreign remittances.

According to statistics released by State Bank of Pakistan (SBP) on Thursday, the current account deficit narrowed to $8.424 billion during July – January 2018/2019 as compared with the deficit of $10.124 billion in the corresponding period of the last fiscal year.

The exchange rate in open market was remained flat.

The buying and selling of dollar was recorded at Rs138.50/Rs138.90 from previous day’s closing of Rs138.50/139.00 in cash ready market.

KARACHI: The Pakistani Rupee (PKR) extended its gains against the US Dollar in early trading on Friday, buoyed by a significant reduction in the country’s current account deficit, according to currency dealers.

(more…)