KARACHI: The Pak Rupee fell by 13 paisas against the dollar in early trade on Monday owing to higher demand of the foreign currency on the first day of the week.
The exchange rate is at Rs159.30 in the early trade around 10:00AM as against Friday’s closing of Rs159.17 in the interbank foreign exchange market.
Currency experts said that the rupee weakened in the early trade due to higher demand of the foreign currency as the market opened after two weekly holidays.
KARACHI: The Pak Rupee made a gain of 16 paisas against the dollar on Friday as inflows helped to meet demand for import payments.
The rupee closed at Rs159.17 to the dollar from the previous day’s closing of Rs159.33 in the interbank foreign exchange market.
Currency experts said that a substantial increase in foreign exchange reserves reported by the State Bank of Pakistan (SBP) a day earlier helped the local currency to make gain during the day.
A day earlier the SBP reported that the foreign exchange reserves of the country increased to $24.415 billion by the week ended July 02, 2021. The foreign exchange reserves increased due to inflows of $1 billion as loan disbursement from China and $440 million from the World Bank.
KARACHI: The Pak Rupee depreciated by 47 paisas against the dollar on Thursday due to rising demand of the foreign currency for import payments.
The rupee ended at Rs159.33 to the dollar from the previous day’s closing of Rs158.92 in the interbank foreign exchange market.
Currency experts said that the depreciation in the rupee continued since the start of the current fiscal year. The rupee lost around Rs1.79 against the dollar since July 01, 2021.
KARACHI: The Pak Rupee ended down by 55 paisas against the dollar on Wednesday owing to demand for oil and other import payments.
The rupee ended at Rs158.92 to the dollar from the previous day’s closing of Rs158.37 in the interbank foreign exchange market.
Currency experts said that the rupee depreciated due to higher demand from importers and oil payments.
The rupee lost around Rs1.38 against the dollar since July 01, 2021
KARACHI: The Pak Rupee ended down by 31 paisas against the dollar on Monday owing to demand of the foreign currency on the first day of the week.
The rupee ended at Rs158.18 to the dollar from last Friday’s closing of Rs157.87 in the interbank foreign exchange market.
Currency experts said that the demand for the foreign currency was high as the market was opened after two weekly holidays.
They hoped that the local currency would make gain in coming days on back of substantial inflows of remittances and export receipts.
KARACHI: The US dollar on Friday strengthened by 33 paisas against the Pak Rupee on higher demand for foreign payments.
The rupee ended at Rs157.87 to the dollar from the previous day’s closing of Rs157.54 in the interbank foreign exchange market.
Experts said that demand for the foreign currency remained higher during the day because the market opened after the bank holiday. The foreign exchange market remained closed on July 01, 2021 on account of bank holiday.
KARACHI: The Pak Rupee gained 20 paisas against the dollar on Wednesday owing to substantial inflows of remittances and export receipts.
The rupee ended Rs157.54 to the dollar from the previous day’s closing of Rs157.74 in the interbank foreign exchange market.
Currency experts said that the market witnessed inflows of remittances from overseas Pakistanis who sent money to their relatives for Hajj and Eid ul Azha.
KARACHI: The Pak Rupee appreciated by 48 paisas against the dollar on Tuesday owing to inflows of export receipts and workers remittances.
The rupee ended at Rs157.74 to the dollar as compared with the previous day’s closing of Rs158.22 in the interbank foreign exchange market.
A day earlier the rupee fell by 60 paisas against the foreign currency as the market opened after two weekly holidays. However, it recovered today on inflows of export receipts and workers remittances.
KARACHI: The Pak Rupee depreciated by 60 paisas against the dollar on Monday as demand for import and corporate payments was remained high.
The rupee closed at Rs158.22 to the dollar from last Friday’s closing of Rs157.62 in the interbank foreign exchange market.
The currency experts said that the demand for foreign payments was higher because the market was opened after two weekly holidays.
The currency dealers hoped that after June 30 the local currency would regain value against the dollar owing to inflows of foreign remittances and export receipts.
KARACHI: The Pak Rupee made a gain of six paisas against the dollar on Friday owing to sufficient supply of the foreign currency during the day.
The rupee ended at Rs157.62 to the dollar as compared with last day’s closing of Rs157.68 in the interbank foreign exchange market.
Currency experts said that the rupee strengthened because a sufficient supply of the dollars in the shape of export receipts and workers’ remittances were seen during the day.
They said that the demand for the foreign currency remained high during the day due to corporate and import payments.