Karachi, June 23, 2023 – The Pakistani Rupee (PKR) closed on a stronger note against the US dollar as demand for imports and corporate payments increased over the weekend.
(more…)Tag: Interbank Foreign Exchange Market
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PKR Makes Third Consecutive Gain Against Dollar on June 22, 2023
Karachi, June 22, 2023 – The Pakistani Rupee (PKR) continued its upward trajectory for the third consecutive day against the US dollar in the Interbank Foreign Exchange Market, signaling a positive trend in the currency market.
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PKR Gains 24 Paisas Against Dollar at Interbank Closing
Karachi, June 21, 2023 – The Pakistani Rupee (PKR) showed a positive trend as it gained 24 paisas against the US dollar on Wednesday, closing at PKR 286.98 in the interbank foreign exchange market, compared to the previous day’s closing of PKR 287.22.
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Pakistani Rupee Gains Slightly Against Dollar as Current Account Deficit Narrows
Karachi, June 20, 2023: The Pakistani Rupee (PKR) showed a slight improvement against the US dollar on Tuesday, thanks to a narrowing current account deficit.
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Pakistani Rupee Declines Against US Dollar Due to High Demand at Week’s Start
Karachi, June 19, 2023 – Analysts have reported a decrease in the value of the Pakistani Rupee against the US dollar on Monday, driven by heightened demand at the beginning of the week.
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PKR Goes Up 18 Paisas Against Dollar at Interbank Closing
Karachi, June 16, 2023 – The Pakistani Rupee (PKR) strengthened by 18 paisas against the dollar on Friday, reaching a closing rate of PKR 287.19 in the interbank foreign exchange market.
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Pakistani Rupee Slips Against Dollar to End at PKR 287.37 in Interbank
Karachi, June 15, 2023: The Pakistani Rupee (PKR) experienced a decline against the dollar on Thursday, primarily driven by looming default threats and concerns over the country’s foreign exchange reserves.
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Rupee gains 79 paisas to end PKR 287.18 against dollar in interbank
Karachi, June 14, 2023: The Pakistani Rupee (PKR) saw a significant increase of 79 paisas against the US dollar on Wednesday in the interbank foreign exchange market.
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Rupee Declines Against Dollar to PKR 286.93 as Foreign Exchange Reserves Plummet
Karachi, June 9, 2023: The Pakistani Rupee (PKR) experienced a 12 paisas depreciation against the dollar on Friday, primarily due to the sharp reduction in the country’s foreign exchange reserves.
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Rupee Ends Four Day Losing Streak
After four consecutive day fall the Pakistan Rupee (PKR) on Thursday recovered against the US Dollar. The recovery was attributed to an influx of export receipts and importers adopting a cautious approach in anticipation of the budget announcement.
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