In a positive trend for the Pakistani economy, the Pakistani Rupee (PKR) registered its third straight day of gains against the US dollar. The interbank foreign exchange market witnessed an appreciation of the rupee, with the exchange rate closing at PKR 285.15 to the dollar. This recent surge in value follows a decline to PKR 287.15 on May 23, 2023.
(more…)Tag: Interbank Foreign Exchange Market
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Rupee shows strong recovery against US dollar to end at PKR 285.74
Karachi, May 25, 2023 – The Pakistani Rupee (PKR) witnessed a significant recovery against the US dollar, closing at PKR 285.74 in the interbank foreign exchange market on Thursday.
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Pakistani rupee ends five-day losing streak against dollar on May 24, 2023
Karachi, May 24, 2023 – The Pakistani Rupee managed to break free from its five-day losing streak against the US dollar on Wednesday, as it recorded a slight gain in the interbank foreign exchange market.
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Pakistani rupee declines for fifth consecutive day amid debt repayment pressure
The Pakistani Rupee (PKR) experienced its fifth consecutive day of decline against the US dollar on Tuesday, as external debt repayment pressure and political uncertainty continued to weigh on the currency. The interbank foreign exchange market witnessed a decrease of 59 paisas, with the exchange rate closing at PKR 287.15 compared to the previous day’s closing rate of PKR 286.56.
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PKR falls by 74 paisas against dollar, closes at PKR 286.56 in interbank
The Pakistani Rupee (PKR) on Monday lost 74 paisas against US Dollar in the interbank foreign exchange market. This decline is attributed to heightened demand for the dollar due to the start of the trading week.
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Rupee hits PKR 288 against dollar in midday trading on May 22, 2023
KARACHI: The Pakistani Rupee (PKR) experienced a significant drop against the US dollar, reaching PKR 288 during midday trading at the interbank foreign exchange market on Monday.
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PKR may remain volatile against dollar for week starting May 22, 2023
After going through stable and uncertain sessions, the Pakistani Rupee (PKR) may remain volatile against the US Dollar for next week starting from May 22, 2023.
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Pakistani rupee extends losses against US dollar, ending at PKR 285.82
The Pakistani Rupee (PKR) faced further depreciation against the US dollar, falling by 20 paisas on Friday. This decline is attributed to a scarcity of inflows, resulting in a decrease in foreign exchange reserves.
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Pakistani Rupee records 22 paisas decline against dollar on May 18, 2023
On May 18, 2023, the Pakistani Rupee (PKR) witnessed a decline of 22 paisas against the US dollar in the interbank foreign exchange market, closing at PKR 285.62 compared to the previous day’s closing of PKR 285.40.
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Pakistani rupee weakens against dollar, ending at PKR 285.40 in Interbank
The Pakistani Rupee (PKR) experienced a decline against the US dollar, closing at PKR 285.40 in the interbank market on Wednesday, May 17, 2023. This depreciation amounted to a decrease of 44 paisas compared to the previous rate of PKR 284.96 at interbank closing.
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