KARACHI: The Pak Rupee ended firmer against the dollar on Thursday owing to better inflows to meet demand for import payments.
The rupee ended at Rs161.89 to the dollar from previous day’s closing of Rs161.90 in the interbank foreign exchange market.
Currency experts said that the market had seen dollar demand for import payments. However, supply of the foreign currency was sufficient to meet the demand.
KARACHI: The Pak Rupee fell by 57 paisas against the dollar on Wednesday as demand for the foreign currency remained higher during the day.
The rupee ended at Rs161.90 to the dollar from the previous day’s closing of Rs161.33 in the interbank foreign exchange market.
Currency experts said that the market witnessed higher demand for dollars due to rise in international oil prices.
The local unit has remained under pressure since the start of the current fiscal year due to higher fiscal deficit posted for the month of June 2021.
KARACHI: The Pak Rupee ended down by 10 paisas against the dollar on Tuesday. High dollar demand for import payments brought down the rupee value.
The rupee ended at Rs161.33 to the dollar from previous day’s closing of Rs161.23 in the interbank foreign exchange market.
Currency experts said dollar demand kept the rupee under pressure. Importers placed demand for dollar purchase. .
PkRevenue.com obtains rates from State Bank of Pakistan (SBP).
These Exchange Rates are issued for Authorized Dealers to revalue their books daily on Mark-to-Market basis. M2M rate of USD is compiled as weighted average of closing interbank exchange rate collected through Brokerage Houses.
KARACHI: The Pak Rupee recovered Rs1.09 against the dollar on Monday. The sharp recovery can be attributed to significant increase in foreign exchange reserves.
The rupee ended at Rs161.23 to the dollar from last Friday’s closing of Rs162.32 in the interbank foreign exchange market.
The foreign exchange reserves of the country reached $25.128 billion after transfer of $1.04 billion against the proceeds of Eurobond, according to the State Bank of Pakistan (SBP).
Currency experts said that latest measures to impose restrictions for preventing coronavirus spread also helped the rupee to make gains.
KARACHI: The Pak Rupee ended down by 84 paisas against the dollar on Friday. The local currency fell due to higher demand of the foreign currency after Eid holidays.
The rupee closed at Rs162.32 to the dollar in interbank foreign exchange market. The local unit previously closed at Rs161.48 in last trading on July 19, 2021.
The market opened after three holidays. It observed holidays from July 20, 2021 to July 22, 2021 on account of Eid ul Adha.
The experts said the rupee fell to nine months low against the dollar. The rupee lost value around Rs4.78 against the dollar since July 01, 2021.
KARACHI: The Pak Rupee fell by Rs1.54 against dollar on Monday due to higher demand for foreign currency ahead of Eid holidays.
The rupee ended at Rs161.48 to the dollar from last Friday’s closing of Rs159.94 to the dollar.
Currency experts said that the dollar demand for imports remained higher owing to three holidays announced by government for Eid ul Adha.
The rupee has lost around Rs3.61 against the foreign currency since the start of the current month.
Disclaimer: Team PKRevenue.com provides the available rates of the open market, which are subject to change every hour. Team PKRevenue.com provides the available exchange rates at the time of posting the story. So the team is not responsible for any inaccuracy of the data.
KARACHI: The Pak Rupee depreciated by 17 paisas against the dollar on Thursday due to increase in demand for import payments.
The rupee ended at Rs159.30 to the dollar as compared with the previous day’s closing of Rs159.13 in the interbank foreign exchange market.
Currency experts said that foreign currency demand for import payments remained high during the days which brought down the rupee value.
KARACHI: The Pak Rupee made a gain of 38 paisas against the dollar on Wednesday due to inflows of payment of international bonds floated by the government.
The rupee ended at Rs159.13 to the dollar from previous day’s closing of Rs159.51 in the interbank foreign exchange market.
During the day the SBP announced to receive $1 billion as proceeds of Eurobond auctioned by the government of Pakistan.
KARACHI: The Pak Rupee depreciated by 15 paisas against the dollar on Tuesday owing to higher demand for import payment.
The rupee ended at Rs159.51 to the dollar from the previous day’s closing of Rs159.36 in the interbank foreign exchange market.
Currency experts said that the rupee remained under pressure due to higher demand for import payment.
They said that the market had responded earlier in the day due to reports of record inflows of workers remittances.
The State Bank of Pakistan (SBP) earlier in the day announced the details of remittances. The remittances rose to a historic annual high of $29.4 billion in the fiscal year 2020/2021. The remittances registered a substantial 27 per cent growth in the fiscal year 2020/2021 over the preceding fiscal year.
KARACHI, Date – The Pakistani Rupee experienced a modest decline of 19 paisas against the US Dollar on Monday in the interbank foreign exchange market.
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