Karachi, July 25, 2023: The Pakistani Rupee (PKR) has experienced its eighth consecutive loss against the US dollar on Tuesday, driven by an increase in demand for import payments.
(more…)Tag: Interbank Foreign Exchange Market
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Rupee in Freefall: Pakistani Currency’s 7-Day Losing Streak Against Dollar Continues
Karachi, July 24, 2023 – The Pakistani Rupee (PKR) has endured another significant decline, falling by PKR 1.11 against the US dollar during its ongoing 7-day losing streak.
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Pakistani Rupee Continues Downward Spiral Against Dollar, Hits 6-Day Losing Streak
Karachi, July 21, 2023 – The Pakistani Rupee continued its losing streak for the sixth consecutive day against the US dollar, reaching PKR 286.81 on Friday. The currency experienced a significant depreciation, losing PKR 10.35 from its value since July 13, 2023, when it was trading at PKR 276.46.
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PKR Continues to Slide Against USD, Closes at PKR 285.15 in Interbank
Karachi, July 20, 2023 – The Pakistani Rupee (PKR) experienced its fifth consecutive day of decline, reaching a closing rate of PKR 285.15 against the US dollar in the interbank foreign exchange market on Thursday.
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Pakistani Rupee Continues to Depreciate Against Dollar; Ends at PKR 283.80
Karachi, July 19, 2023 – The Pakistani Rupee (PKR) experienced yet another fall against the US dollar on Wednesday, closing at PKR 283.80 in the interbank foreign exchange market.
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Rupee Witnesses Significant Devaluation Against US Dollar, Plummeting to PKR 283.04
Karachi, July 18, 2023 – In a notable turn of events, the Pakistani Rupee (PKR) experienced a significant devaluation against the US dollar, reaching a new low of PKR 283.04 in the interbank foreign exchange market on Tuesday.
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Rupee Drops PKR 1.67 Against Dollar Amid Surging Import Payment Demand
Karachi, July 17, 2023 – The Pakistani Rupee (PKR) experienced a decline of PKR 1.67 against the US dollar on Monday due to the increasing demand for import payments. The interbank foreign exchange market witnessed the exchange rate falling from PKR 277.59 to PKR 279.26 at the close of the day.
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Pakistani Rupee Weakened Against US Dollar to PKR 277.59 at Interbank Closing
Karachi, July 14, 2023 – The Pakistani Rupee (PKR) experienced a weakening trend against the US dollar on Friday, closing at PKR 277.59 in the interbank foreign exchange market. This decline of PKR 1.13 from the previous day’s closing value of PKR 276.46 is primarily attributed to increased import and corporate payment pressures.
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Pakistani Rupee Strengthens to PKR 276.46 Against Dollar After IMF Bailout Boost
Karachi, July 13, 2023 – The Pakistani Rupee (PKR) experienced a notable surge against the US Dollar on Thursday, reaching a value of PKR 276.46 in the interbank foreign exchange market.
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PKR Gains Momentum in Anticipation of Inflows
The Pakistani Rupee showed significant progress on Wednesday as it gained Rs1.09 against the US Dollar, closing at PKR 277.48 in the interbank foreign exchange market.
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