The Pakistani Rupee experienced a depreciation of 45 paisas against the US Dollar on Monday, ending the day at Rs159.27 in the interbank foreign exchange market. This decline comes after a period of consecutive gains, attributed to heightened demand for import and corporate payments.
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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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Rupee appreciation journey continues for 6 consecutive trading days
KARACHI: The Pak Rupee appreciated for six consecutive trading days against the dollar on Friday owing to improved inflows of export receipts and workers’ remittances.
The rupee gained 25 paisas to end at Rs158.82 to the dollar from previous day’s closing of Rs159.07 in the interbank foreign exchange market.
The appreciation in the rupee value has been continued for the last six consecutive days. The rupee gained around Rs1.36 against the dollar after closing at Rs160.18 on February 03, 2021.
Currency experts said that improved inflows of export receipts and workers’ remittances helped the rupee to make gain against the foreign currency.
Pakistan’s exports have crossed over $2 billion for the fourth consecutive months in January 2021 for the first time in last eight years, a official statement said.
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Rupee strengthens for five consecutive trading days
KARACHI: The Pak Rupee strengthened against the dollar for five consecutive trading days on Thursday owing to improved inflows of export receipts and workers’ remittances.
The rupee made gain of 24 paisas to close at Rs159.07 to the dollar on Thursday from previous day’s closing of Rs159.31 in the interbank foreign exchange market.
The rupee was at Rs160.18 to the dollar on February 03, 2021. However, since last five trading days the rupee gained value of Rs1.11 against the dollar.
Currency experts said that improved inflows of export receipts and workers’ remittances helped the rupee to make gain against the foreign currency.
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Rupee advances by four paisas against dollar
The Pakistani Rupee demonstrated resilience in the foreign exchange market on Wednesday, making a noteworthy advancement of 04 paisas against the US Dollar.
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Rupee appreciates by 21 against dollar
KARACHI: The Pak Rupee appreciated by 21 paisas against the dollar on Tuesday as positive sentiments prevailed after inflows of export receipts.
The rupee ended Rs159.35 to the dollar from previous day’s close of Rs159.56 in the interbank foreign exchange market.
Currency experts said that better exports had supported the local currency.
Pakistan’s exports have crossed over $2 billion for the fourth consecutive months in January 2021 for the first time in last eight years, a official statement said.
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Rupee gains 43 paisas on improved export receipts
KARACHI: The Pak Rupee gained 43 paisas against the dollar on Monday owing to record export receipts during the last four months.
The rupee ended Rs159.56 to the dollar from last Thursday’s closing of Rs159.99 in the interbank foreign exchange market.
It is interesting to note that the rupee made gains despite closure of the market for the last three days as last Friday February 05, 2021 was declared as Kashmir Solidarity Day.
Pakistan’s exports have crossed over $2 billion for the fourth consecutive months in January 2021 for the first time in last eight years, a official statement said.
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Rupee gains 19 paisas ahead of long weekend
KARACHI: The Pak Rupee gained 19 paisas against the dollar on Thursday despite the higher demand for dollar ahead of holidays.
The rupee ended Rs159.99 to the dollar from the previous day’s closing of Rs160.18 in the interbank foreign exchange market.
Currency dealers said that the market witnessed sufficient supply of the foreign currency in the shape of export receipts and workers’ remittances.
They said the demand for import and corporate payments was also high because of upcoming three straight holidays.
The government has announced public holiday on Friday February 05, 2021 on account of Kashmir Solidarity Day. It will follow with two weekly holidays, making three straight holidays.
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Rupee eases by two paisas on import payment demand
KARACHI: The Pak Rupee ended down by two paisas against the dollar on Wednesday owing to escalating demand for the foreign currency for import and corporate payments.
The rupee ended Rs160.18 to the dollar from the previous day’s closing of Rs160.16 in the interbank foreign exchange market.
Currency dealers said that the market witnessed higher demand of the foreign currency for import and corporate payments ahead of long week-end holidays.
The government has announced a public holiday on February 05 (Friday) to mark Kashmir solidarity day. It will be along with two weekly holidays ahead making three holidays.
The dealers remained optimistic that the rupee would regain the values in coming days owing to lower growth in headline inflation and improved exports numbers.
The growth in headline inflation contracted by 5.7 percent on a year on year basis in January 2021 as compared to an increase of 8.0 percent in the previous month and 14.6 percent in January2020.
On a month-on-month basis, it decreased by 0.2 percent in January 2021 as compared to a decrease of 0.7 percent in the previous month and an increase of 2.0 percent in January 2020.
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Rupee recovers by six paisas on contraction in inflation
KARACHI: The Pak Rupee recovered six paisas against the dollar on Tuesday owing to lower growth in inflation for the first month of the current year.
The rupee ended Rs160.16 to the dollar from the previous day’s closing of Rs160.22 in the interbank foreign exchange market.
The rupee depreciated by 12 paisas on the first day of the current week owing to higher demand for import and corporate payments.
Currency dealers said that the market remained positive during the day due to ease in inflation growth for the month of January 2021.
The growth in headline inflation contracted by 5.7 percent on a year on year basis in January 2021 as compared to an increase of 8.0 percent in the previous month and 14.6 percent in January2020.
On a month-on-month basis, it decreased by 0.2 percent in January 2021 as compared to a decrease of 0.7 percent in the previous month and an increase of 2.0 percent in January 2020.
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Rupee ends down by 12 paisas on higher payment demand
KARACHI: The Pak Rupee ended down by 12 paisas against the dollar on Monday owing to higher demand of the foreign currency against import and corporate payments as market opened after two weekly holidays.
The rupee ended Rs160.22 to the dollar from last Friday’s closing of Rs160.10 in the interbank foreign exchange market.
The currency dealers said that higher demand was witnessed during the day as market was opened after two weekly holidays.
They however said that the improved economic indicators would help the local currency to gain value.