Karachi, January 7, 2024 – The Pakistani Rupee (PKR) is gearing up for a significant uptrend against the US dollar in the upcoming week, propelled by recent foreign inflows and the anticipated approval of funds by the International Monetary Fund (IMF).
(more…)Tag: Interbank Foreign Exchange Market
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Rupee Gains PKR 0.27 to Dollar Amid Soaring Forex Reserves
Karachi, January 5, 2024 – The Pakistani Rupee (PKR) demonstrated resilience on Friday, gaining PKR 0.27 against the US dollar, a positive development attributed to the significant surge in foreign exchange reserves.
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Rupee Strengthens to PKR 281.67 Against Dollar
Karachi, January 4, 2024 – The Pakistani Rupee (PKR) concluded on a positive note against the US dollar in the interbank foreign exchange market on Thursday, closing at PKR 281.67 compared to the previous day’s closing rate of PKR 281.72.
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Rupee Gains PKR 0.17 Against Dollar in Interbank
Karachi, January 3, 2024 – The Pakistani Rupee (PKR) displayed strength on Wednesday, gaining PKR 0.17 against the US dollar at the close of the interbank foreign exchange market.
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Pakistan Rupee Eases by PKR 0.03 Against Dollar Post-Holidays
Karachi, January 2, 2024 – The Pakistan Rupee (PKR) experienced a marginal easing of PKR 0.03 against the US dollar as the market reopened after the holiday period.
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Pakistani Rupee May Trade Narrow Range in First Week of 2024
KARACHI, Dec 31, 2023 — The Pakistani Rupee (PKR) is anticipated to navigate a narrow trading range in the initial week of 2024, buoyed by optimistic sentiments around sustained inflows from multilateral lenders.
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Pakistani Rupee Ends 2023 on High Note Against US Dollar
Karachi, December 29, 2023 – The Pakistani Rupee (PKR) concluded the year 2023 on a positive note, registering a gain of PKR 0.07 against the US dollar, bolstered by an increase in foreign exchange reserves.
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Rupee Inches Up by PKR 0.17 Against US Dollar on December 27
Karachi, December 27, 2023 – The Pakistani Rupee (PKR) inched up by PKR 0.17 against the US dollar on Wednesday amid heavy foreign currency demand for import and corporate payments.
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Rupee Shows Nominal Gain of PKR 0.16 Against Dollar
Karachi, December 26, 2023: In a surprising turn of events, the Pakistani Rupee (PKR) managed to make a marginal gain of PKR 0.16 against the US Dollar on Tuesday, closing at PKR 282.37 compared to the previous closing rate of PKR 282.53 on December 22, 2023, in the interbank foreign exchange market.
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Steady Rupee Expected Against Dollar as 2023 Wraps Up
KARACHI – December 24, 2023: In the last week of 2023, experts believe the Pakistani rupee will likely stay steady against the US dollar. Starting December 26, 2023, this positive prediction is based on a good balance between how much people want and how much they have of the American currency, along with a smaller difference in the country’s spending and earnings.
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