Tag: Pak Rupee

KARACHI: The Pak Rupee gained 14 paisas against the dollar on Monday owing to improved inflows of workers’ remittances and export receipts.

The rupee ended Rs157.00 to the dollar against last Friday’s closing of Rs157.14 in the interbank foreign exchange market.

Currency dealers said that despite demand of the foreign currency during the day the rupee recovered. They said that the marketed witnessed sufficient supply of the foreign currency.

They said that the sentiments were remained positive due to improved inflows of export receipts and workers’ remittances during first eight months of the current fiscal year.

KARACHI: The Pak Rupee fell by five paisas against the dollar on Friday owing to demand for import and corporate payments ahead of two weekly holidays.

The rupee ended Rs157.14 to the dollar from previous day’s closing of Rs157.09 in the interbank foreign exchange market.

Currency dealers said that the market witnessed higher demand for the foreign currency ahead of two weekly holidays.

The dealers said that the market sentiments were remained positive due to significant increase in workers’ remittances and export receipts.

They hoped the local unit would make gain in coming days owing to better inflows.

KARACHI: The Pak Rupee gained four paisas against the dollar on Thursday owing to inflows of export receipts and workers’ remittances.

The rupee ended Rs157.09 to the dollar from previous day’s closing of Rs157.13 in the interbank foreign exchange market.

Currency dealers said that the rupee made gain on supply of the foreign currency during the day.

They however, said that the market was optimistic and hopes of inflows in shape of workers’ remittances and export receipts the rupee likely to make more gain in coming days.

KARACHI: The Pakistani rupee experienced a minor depreciation against the US dollar on Wednesday, declining by nine paisas in the interbank market. The rupee closed at Rs157.13 against the dollar, compared to the previous day’s closing rate of Rs157.04.

KARACHI: The Pak Rupee gained four paisas against the dollar on Tuesday owing to sufficient supply of the foreign currency to meet payment demand.

The rupee ended Rs157.04 to the dollar from previous day’s closing of Rs157.08 in the interbank foreign exchange market.

Currency dealers said that the market witnessed supply of the dollar during the day which was sufficient to meet payment for import and corporate demand.

They said that the market was remained optimistic and hopes of inflows in shape of workers’ remittances and export receipts the rupee likely to make more gain in coming days.

KARACHI: The Pak Rupee gained four paisas against the dollar on Monday owing to positive sentiments prevailed in the foreign exchange market.

The rupee ended Rs157.08 to the dollar from previous day’s closing of Rs157.12 in the interbank foreign exchange market.

Currency dealers said that foreign inflows of workers’ remittances and export receipts helped the rupee to make gain despite demand for import and corporate payments.

The dealers said that the optimism prevailed on economic growth after confidence vote win by the prime minister in the parliament.

KARACHI: The Pak Rupee made a gain of four paisas against the dollar on Friday despite demand for import and corporate payments on last trading of the week.

The rupee ended at Rs157.12 to the dollar from previous day’s closing of Rs157.16 in the interbank foreign exchange market.

Currency experts said that demand for the foreign currency was remained high due to upcoming two weekly holidays. However, inflows of workers’ remittances and export receipts helped the rupee to make gain.

The export receipts have increased by 4.3 percent to $16.3 billion during first eight months (July – February) 2020/2021 as compared with $15.6 billion in the corresponding period of the last fiscal year, according to data released by Pakistan Bureau of Statistics (PBS) on Friday.

KARACHI: The Pak Rupee ended down by three paisas against the dollar on Thursday owing to demand for import and corporate payments.

The rupee ended Rs157.16 to the dollar from previous day’s closing of Rs157.13 in the interbank foreign exchange market.

The rupee fell on Thursday after maintaining eight-day streak of appreciation against the foreign currency.

The exchange rate was at Rs159.10 on February 19, 2021. However, the local currency recovered Rs1.97 against the greenback in the interbank foreign exchange market till March 03, 2021.

The currency experts said that the growth in export receipts and inflows of workers remittance helped the rupee to make gains.

The Pakistani Rupee demonstrated resilience, gaining 72 paisas against the US Dollar on Wednesday. The surge is attributed to the sustained growth in export receipts witnessed throughout the current fiscal year.

KARACHI: The US dollar retreated for seventh consecutive trading days after falling another 19 paisas against the local unit on Tuesday.

The exchange rate was at Rs159.10 on February 19, 2021. Since then the local currency recovered Rs1.25 against the dollar in interbank foreign exchange market.

On Tuesday the rupee closed at Rs157.85 to the dollar from previous day’s closing of Rs158.04 in the interbank foreign exchange market.

Currency experts said that with the dip of 19 paisas the US dollar was at nearly one-year low in Interbank, trading at Rs157.85 as it was Rs157.35 on March 10, 2020. The dollar has fallen by 6.4 percent since its peak lost around Rs10.58 since August 26, 2020 when it was at record high of Rs168.43.

The currency experts said that the rupee may make more gains in coming days owing to improved inflows of workers’ remittances and export receipts.