Karachi, September 7, 2023 – The Pakistani Rupee (PKR) has undergone a significant recovery in both the interbank and open markets, thanks to a comprehensive crackdown launched by authorities in Pakistan against currency smuggling and the black market.
(more…)Tag: Interbank Foreign Exchange Market
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Pakistani Rupee Makes Sharp Recovery to End at PKR 304.94 to the Dollar
Karachi, September 7, 2023 – In a surprising turn of events, the Pakistani Rupee (PKR) demonstrated a remarkable recovery against the US dollar today, closing at PKR 304.94 in the interbank foreign exchange market. This recovery represents a significant gain of PKR 2.04 in rupee value compared to the previous day’s closing rate of PKR 306.98.
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PKR Recovers Against US Dollar in Volatile Interbank Trading
Karachi, September 6, 2023 – The Pakistani Rupee (PKR) showed signs of recovery by gaining 12 paisas against the US dollar in a highly volatile trading session in the interbank foreign exchange market on Wednesday.
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Rupee Hits Fresh Low at PKR 307.10 to Dollar in Fathomless Journey
Karachi, September 5, 2023 – The Pakistani Rupee (PKR) continued its relentless decline against the US dollar on Tuesday, reaching a fresh low of PKR 307.10 at the interbank closing.
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Intraday Dollar Rate Hits Record High at PKR 306.25
Karachi, September 5, 2023 – The US dollar reached an all-time high of PKR 306.25 during intraday trading at the interbank market on Tuesday, marking a significant depreciation in the value of the Pakistani rupee.
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Pakistani Rupee Eases Against US Dollar, Reaches New Historic Low at PKR 305.64
Karachi, September 4, 2023 – The Pakistani Rupee (PKR) experienced a decline of 17 paisas against the US dollar on Monday, reaching a new historic low of PKR 305.64 in the interbank foreign exchange market.
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PKR Expected to Display Resilience Against the US Dollar in Upcoming Week
Karachi, September 3, 2023 – Following a significant depreciation over the past two weeks, the Pakistani Rupee (PKR) is poised to exhibit resilience against the US dollar in the coming week, offering some solace to concerned observers.
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Pakistani Rupee Ends 10-Day Losing Streak Against US Dollar, Settles at PKR 305.47
Karachi, September 1, 2023 – The Pakistani Rupee (PKR) has finally broken its 10-day losing streak against the US dollar, showing signs of recovery by gaining 7 paisas in the closing of the interbank foreign exchange market.
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Pakistani Rupee Hits New Low at PKR 305.54 Against the Dollar in Persistent Slide
Karachi, August 31, 2023 – The Pakistani Rupee (PKR) reached a fresh low at PKR 305.54 against the US Dollar on Thursday in interbank foreign exchange market, marking its relentless descent over a ten-day period.
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US Dollar Soars to New Record High of PKR 305.25 in Intraday Trading
Karachi, August 31, 2023 – The relentless ascent of the US dollar against the Pakistani Rupee (PKR) reached a new peak on Thursday, with the exchange rate surging to an unprecedented high of PKR 305.25 during intraday trading.
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