KARACHI: The Forex Association of Pakistan (FAP) has released the buying and selling rates for the Euro against the Pakistani Rupee (PKR) at the close of trading on Friday, July 09, 2021.
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Pakistan Revenue is committed to providing accurate exchange rates in Pak Rupee for foreign currencies, helping readers stay informed about the fluctuating value of the Pak Rupee in the market.
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Open market buying and selling of UK Pound in Pak Rupee closing July 09
KARACHI: The Forex Association of Pakistan (FAP) issued following buying and selling of UK Pound in Pak Rupee (PKR) on close of trading on Friday July 09, 2021:
The buying and selling of 1 UK Pound is Rs218 and Rs220.
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Open market buying and selling of US Dollar in Pak Rupee closing July 09
The Forex Association of Pakistan (FAP) has reported the buying and selling rates of the US Dollar (USD) against the Pakistani Rupee (PKR) at the close of trading on Friday, July 09, 2021.
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Rupee makes gain 16 paisas against dollar
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.
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Rupee ends down by 47 paisas against dollar
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.
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Rupee weakens by 55 paisas against dollar
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
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Rupee depreciates by 19 paisas against dollar
KARACHI: The Pak Rupee depreciated by 19 paisas against the dollar on Tuesday owing to higher demand for import payments, dealers said.
The rupee ended at Rs158.37 to the dollar from the previous day’s closing of Rs158.18 in the interbank foreign exchange market.
The dealers said that payment demand for import had witnessed an increase as economic activities had gained momentum.
The dealers said that the rupee may rebound in the coming days owing to substantial inflows of export receipts and workers remittances.
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Rupee depreciates by 31 paisas against dollar
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.
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Dollar gains 33 paisas on foreign payment demand
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.
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Rupee gains 20 paisas against dollar
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.