Tag: Interbank Foreign Exchange Market

Karachi, July 11, 2023 – The Pakistani Rupee (PKR) demonstrated a remarkable recovery against the US dollar on Tuesday, closing at PKR 278.57 in the interbank foreign exchange market. This positive trend reflects a gain of PKR 1.23 in the rupee’s value compared to the previous day’s closing rate of PKR 279.80.

Karachi, July 10, 2023 – The Pakistani rupee (PKR) on Monday recorded a sharp decrease against the US dollar, ending at PKR 278.80 to the dollar. This was a decrease of PKR 1.9 from the previous day’s closing rate of PKR 277.90.

Karachi, July 7, 2023 – The Pakistani Rupee (PKR) experienced a decline against the dollar on Friday as a result of increased demand ahead of the weekend for import and corporate payments.

Karachi, July 6, 2023: In a positive turn of events, the Pakistani Rupee (PKR) bounced back against the dollar on Thursday, concluding the interbank foreign exchange market at PKR 277.04.

Karachi, July 5, 2023: The US dollar made a strong comeback in the Pakistani currency market on Wednesday, recovering from a significant fall against the Pakistan Rupee (PKR) the previous day. The exchange rate witnessed a PKR 1.97 depreciation in the rupee’s value, closing at PKR 277.41 to the dollar compared to the previous day’s rate of PKR 275.44 in the interbank foreign exchange market.

Karachi, July 4, 2023 — The Pakistani Rupee (PKR) crushed the US dollar on Tuesday, gaining PKR 10.55 at closing in the interbank foreign exchange market. The exchange rate recorded a PKR 10.55 increase in rupee value to end at PKR 275.44 to the dollar from last closing of PKR 285.99 on June 27, 2023.

Karachi, July 4, 2023: The Pakistani Rupee (PKR) started the trading week with a remarkable surge as the US dollar tumbled to PKR 275 at the opening of the interbank foreign exchange market today. This dramatic decline occurred following the weeklong Eid holidays and a significant development in Pakistan’s financial landscape.

Karachi, June 28, 2023: The Pakistan Rupee (PKR) has experienced its highest-ever annual fall against the US dollar during the fiscal year 2022-23, with a depreciation of 28 percent, according to analysts at Arif Habib Limited.