Tag: Interbank Foreign Exchange Market

KARACHI – On Thursday, the Pakistani Rupee faced a decline of 23 paisas against the US Dollar, closing at Rs155.92 in the interbank foreign exchange market.

KARACHI: The Pak Rupee gained nine paisas against the dollar on Wednesday on inflows of the foreign currency during the day.

The rupee ended Rs155.69 to the dollar from previous day’s closing of Rs155.78 in the interbank foreign exchange market.

Currency experts said that the inflows of export receipts and workers’ remittances helped the rupee to make gain during the days.

KARACHI: The Pak Rupee ended down by 47 paisas against the dollar on Tuesday owing to year end demand for corporate and import payments.

The rupee ended Rs155.78 to the dollar from previous day’s closing of Rs155.31 in the interbank foreign exchange market.

Currency dealers said that the market witnessed higher demand for dollar as corporate sector and importers were seen busy in buying the foreign currency for their payments.

The dealers said that due to fiscal year 2020/2021 is ending June 30, 2021 the demand of the foreign currency usually high as corporate entities repatriate profit and dividends.

KARACHI: The Pak Rupee fell by 69 paisas against the dollar on Monday owing to higher demand for import payments as the market opened after two weekly holidays.

The rupee ended Rs155.31 to the dollar from last Friday’s closing of Rs154.62 in the interbank foreign exchange market.

Currency experts said that the rupee was weakened as the market had seen higher demand of the foreign currency for import and corporate payments.

They said that the higher demand for the foreign currency was due to market was opened after two weekly holidays.

The Pakistani rupee experienced a notable gain of 17 paisas against the US dollar on Friday, closing at Rs154.62 in the interbank foreign exchange market.

KARACHI: The Pak Rupee fell by 2 paisas against dollar on Thursday owing to demand for import payment.
The rupee closed at Rs 145.79 to the dollar from previous day’s closing of Rs 154.77 in the interbank foreign exchange market.
Currency experts said that due to fiscal year end the local currency was under pressure as importers purchasing dollars for foreign payments.

KARACHI: The Pak Rupee fell by 23 paisas against dollar on Wednesday owing to demand for import payment.

The rupee closed at Rs 145.77 to the dollar from previous day’s closing of Rs 154.54 in the interbank foreign exchange market.

Currency experts said that due to fiscal year end the local currency was under pressure as importers purchasing dollars for foreign payments.

KARACHI: The Pak Rupee fell by 14 paisas against the dollar on Tuesday owing to high demand for import and corporate payments.

The rupee ended Rs153.54 to the dollar from previous day’s closing of Rs153.40 in the interbank foreign exchange market.

Currency experts said that the market was under pressure due to dollar demand for import and corporate payments.

They said that due to fiscal year ending in the month of June the corporate buyers were seen active for dollar buying. Furthermore, the demand was also seen for oil import payment.

They however said that the rupee would recover value in coming days owing to sufficient inflows of export receipts and workers’ remittances.

KARACHI: The Pak Rupee gained three paisas against the dollar on Monday despite higher demand of the foreign currency for import and corporate payments.

The rupee ended Rs154.40 to the dollar from last Friday’s closing of Rs154.43 in the interbank foreign exchange market.

Currency experts said that due to first trading day the demand for the foreign currency was seen for import and corporate payments.

They, however, said that the issuance of green bonds and inflows of remittances and export receipts helped the rupee to make gain.

The experts hoped the rupee would make further gains in coming days due to positive sentiments related to foreign inflows and lower demand for import payments ahead of budget 2021/2022 announcement.

KARACHI: The Pak Rupee recovered 41 paisas against the dollar on Friday owing to improved inflows of workers’ remittances and export receipts.

The rupee ended at Rs154.43 to the dollar from previous day’s closing of Rs154.84 in the interbank foreign exchange market.

Currency experts said that the sufficient supply of the foreign currency was available during the day that helped the rupee to recover value.

They said that the rupee witnessed deterioration during past couple of days due to demand of the foreign currency for import payment.

They said that the rupee may make gain in coming days owing to inflows of the foreign currency.