Tag: Interbank Foreign Exchange Market

Pakistani Rupee has ended at a rate of Rs284.84 against the US Dollar in the interbank foreign exchange market on May 09, 2023. The cause of this latest development is attributed to delay in the finalization of tranche by the International Monetary Fund (IMF).

The Pakistani Rupee (PKR) experienced a decline on Monday, weakening by 26 paisas against the US dollar and closing at PKR 283.85 compared to the previous closing ofPKR 283.59.

On Friday, the Pakistani Rupee (PKR) strengthened by 23 paisas against the US dollar, closing at PKR 283.59 compared to the previous day’s rate of PKR 283.82.

The Pakistan Rupee (PKR) showed a slight upward trend against the US dollar on Thursday, gaining six paisas in the interbank foreign exchange market.

On May 3, 2023, the Pakistan Rupee (PKR) saw some relief as the US Dollar eased and closed at PKR 283.88 in the interbank foreign exchange market.

On May 2, 2023, the US dollar rebounded against the Pakistan Rupee (PKR) and closed at PKR 283.92 in the interbank foreign exchange market.

In a recent development, the Pakistani Rupee (PKR) has gained against the US dollar by eight paisas, following a reduction in political tensions in the country.

The Pakistani Rupee (PKR) continues to face challenges in the foreign exchange market, with its value weakening by 53 paisas to the US dollar on Thursday, April 27, 2023.

The Pakistani Rupee (PKR) recovered eight paisas against the US dollar on Wednesday at interbank closing despite the fact the market was opened after five holidays.