Tag: Pak Rupee

KARACHI: The Pak Rupee gained six paisas against the dollar on Monday owing to better inflows of the foreign exchange, dealers said.

The rupee ended at Rs158.04 to the dollar from last Friday’s closing of Rs158.10 in the interbank foreign exchange market.

It was the sixth straight trading day when the rupee maintained its recovery against the greenback. The exchange rate was at Rs159.10 on February 19, 2021. However, since then the local currency recovered Re1.06 against the greenback in the interbank foreign exchange market.

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

KARACHI: The Pak Rupee maintained its recovery against the dollar for five consecutive trading days on Friday owing to optimism prevailed especially after FATF praised Pakistan for taking measures against money laundering and financing the terrorism.

The rupee gained by 36 paisas to close at Rs158.10 to the dollar on Friday as compared with previous day’s close of Rs158.46 in the interbank foreign exchange market.

Currency experts said that despite the last trading day of the week the rupee had gained value against the greenback. They said that though there was pressure on local currency due to demand of the dollar for import and corporate payments. However, supply was sufficient to meet the demand, they added.

They said that the FATF a day earlier decided to keep Pakistan in the grey list until June this year. However, remarks of the FATF panel were encouraging as Pakistan had shown strong commitment to deter money laundering and terror financing.

The exchange rate was at Rs159.10 on February 19, 2021. However, since then the local currency recovered Re1 against the greenback in the interbank foreign exchange market.

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

KARACHI: The Pak Rupee has maintained steady gain against the dollar for the last four trading days on Thursday owing to improved inflows of workers’ remittances and export receipts.

The rupee appreciated by 30 paisas against the dollar to close at Rs158.46 on Thursday from previous day’s closing of Rs158.76 in the interbank foreign exchange market.

The exchange rate was at Rs159.10 on February 19, 2021. However, since then the local currency recovered 64 paisas against the greenback in the interbank foreign exchange market.

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

KARACHI: The Pak Rupee made a gain of 13 paisas against the dollar on Wednesday owing to positive sentiments prevailed over improved foreign inflows, dealers said.

The rupee ended Rs158.76 to the dollar from the previous day’s closing of Rs158.89 in the interbank foreign exchange market.

The currency dealers said that the positive indicators helped the local unit to make gain.

They said that the foreign inflows in the shape of exports receipts and workers’ remittances helped the market to move positively.

This is the second straight day when the rupee made gain against the greenback. A day earlier the local unit gained 18 paisas against the dollar.

KARACHI: The Pak Rupee gained 18 paisas against the dollar on Tuesday owing to improved supply of the foreign currency and current account remained in surplus during the first seven months of the current fiscal year, dealers said.

The rupee ended Rs158.89 to the dollar as compared with the previous day’s closing of Rs159.07 in the interbank foreign exchange market.

The dealers said that the market had witnessed improved supply of the foreign currency during the day that was sufficient to meet import and corporate demands.

Besides, they said that the current account of the country remained in surplus during the first seven months of the current fiscal year.

They said that the improved inflows of workers’ remittances and export receipts would help the local unit to make further gains in coming days.

KARACHI: The Pak Rupee gained three paisas against the dollar on Monday owing to improved inflows of workers’ remittances and export payments, dealers said.

The rupee ended Rs159.07 to the dollar from last Friday’s closing of Rs159.10  in the interbank foreign exchange market.

Currency dealers said that the market witnessed higher demand of the foreign currency due to market was opened after two weekly holidays.

However, inflows of workers’ remittances and export payments helped the rupee to make gains.

They said that due to fall in coronavirus cases the market was remained optimistic and dollar demand for import payment was gradually rising.

They, however, optimistic that the inflows of export receipts and workers’ remittances would help the local unit to gain values in coming days.

KARACHI: The Pak Rupee lost 17 paisas against the dollar on Friday owing to payment demand related to import and corporate, dealers said.

The rupee ended Rs159.10 to the dollar from previous day’s closing of Rs158.93 in the interbank foreign exchange market.

Currency dealers said that the market witnessed higher demand of the foreign currency due to upcoming two weekly holidays.

They said that due to fall in coronavirus cases the market was remained optimistic and dollar demand for import payment was gradually rising.

They, however, optimistic that the inflows of export receipts and workers’ remittances would help the local unit to gain values in coming days.

KARACHI: The Pak Rupee appreciated by 33 paisas against the dollar on Thursday owing to improved inflows of workers’ remittances and export receipts.

The rupee ended Rs158.93 to the dollar from the previous day’s closing of Rs159.26 in the interbank foreign exchange market.

Currency experts said that the inflows of the foreign currency into Roshan Digital Accounts, workers remittances and export receipts helped the rupee to make gains against the greenback.

The inflows in Roshan Digital Account increased to $500 million.

The experts hoped that the local currency would gain more value in coming days owing to positive sentiments prevailing over inflows from IMF and workers remittances.

KARACHI: The Pak Rupee made gain of 28 paisas against the dollar on Wednesday after positive sentiments prevailed on upcoming transfers of $500 million from the International Monetary Fund (IMF).

The rupee ended Rs159.26 to the dollar from previous day’s closing of Rs159.54 in the interbank foreign exchange market.

Currency experts said that market was remained positive over an agreement between the IMF and the government of Pakistan.

After the approval of IMF board the country will received a tranch of $500 million.

Besides, they said that the market was also optimistic about gain in rupee value owing to improved inflows of workers’ remittances and export receipts.

KARACHI: The Pak Rupee fell by 27 paisas against the dollar on Tuesday owing to demand for import and corporate payments.

The rupee ended Rs159.54 to the dollar from previous day’s closing of Rs159.27 in the interbank foreign exchange market.

Currency dealers said that the local currency was under pressure because of oil import bill as international oil prices were increasing.

The dealers said that normalcy returned in the global economies following the launch of coronavirus vaccine.