Tag: Pak Rupee

KARACHI: The Pak Rupee continued appreciation against dollar as the local unit gained 40 paisas in early trade on Thursday.

The US dollar is being traded at Rs157.85 in interbank foreign exchange market. Last day the rupee was ended at Rs158.25 to the dollar.

Currency experts said that the inflows of home remittances related to Eid-ul-Azha helped the rupee to gain against the greenback.

Further the improved exports receipts also helped the rupee to gain value.

Prime Minister’s Advisor on Commerce, Textile, Industries and Production and Investment Abdul Razak Dawood a day earlier said that Pakistan’s exports had increased by 14.23 percent in July, 2019 as compared to same month of last year.

He further said that Pakistan’s imports from other countries also reduced by 18.39 percent during the month.

KARACHI: The Pak Rupee continued to make gain against dollar for eighth consecutive day on Wednesday owing to improved inflows of home remittances related to Eid-ul-Azha.

The rupee gained 40 paisas to end Rs158.25 to the dollar from previous day’s closing of Rs158.65 in interbank foreign exchange market.

Currency dealers said that the rupee was improving as overseas Pakistanis are sending foreign exchange to their relatives for Eid related expenses.

The foreign currency market was initiated in the range of Rs158.55 and Rs158.65. The market recorded day high of Rs158.55 and low at Rs158.25 and closed at Rs158.25.

The rupee started recovery against the dollar during the last week and continued so far. The rupee has gained around Rs2.28 to the dollar during the past eight consecutive sessions.

The exchange rate in open market also witness appreciation in rupee value. The buying and selling of dollar was recorded at Rs157.50/Rs158.50 as compared with last day’s closing of Rs157.70/Rs158.70 in cash ready market.

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Rupee appreciates for 7th consecutive trading day

KARACHI: The Pak Rupee has appriciated for the seventh consecutive trading date and gained 29 paisas against dollar on Tuesday amid improved inflows of home remittances related to Eid-ul-Azha.

The rupee ended Rs158.65 to the dollar from previous day’s closing of Rs158.94 in interbank foreign exchange market.

Currency dealers said that the rupee was improving as overseas Pakistanis are sending foreign exchange to their relatives for Eid related expenses.

The foreign currency market was initiated in the range of Rs158.75 and Rs158.90. The market recorded day high of Rs158.80 and low at Rs158.50 and closed at Rs158.65.

The rupee started recovery against the dollar during the last week and continued on the start of current week. The rupee has gained around Rs1.88 to the dollar during the past seven consecutive sessions.

The exchange rate in open market also witness appreciation in rupee value. The buying and selling of dollar was recorded at Rs157.70/Rs158.70 as compared with last day’s closing of Rs157.80/Rs158.80 in cash ready market.

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Rupee continues to make recovery against dollar

KARACHI: The Pak Rupee continued to make recovery and gained 18 paisas against dollar on Monday owing to inflows under home remittances for Eid related expenses.

The rupee ended Rs158.94 to the dollar as compared with Rs159.12 in interbank foreign exchange market.

The rupee started recovery against the dollar during the last week and continued on the start of current week. The rupee has gained around Rs1.59 to the dollar during the past six consecutive sessions.

The foreign currency market was initiated in the range of Rs159.10 and Rs159.15. The market recorded day high o Rs159.10 and low of Rs158.94 and closed at Rs158.95.

The exchange rate in open market also witnessed recovery in rupee value. The buying and selling of dollar was recorded at Rs157.80/Rs158.80 from last Friday’s closing of Rs158.40/Rs159.40 in cash ready market.

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Eid related inflow helps rupee to gain

KARACHI: The Pak Rupee gained 30 paisas against dollar on Friday as overseas Pakistanis were sending remittances to their relatives for Eid related expenses.

The rupee closed at Rs159.12 to the dollar from previous day’s closing of Rs159.42 in interbank foreign exchange market.

The local currency recovered around Rs1.47 against the dollar during past five consecutive days.

The foreign currency market was initiated in the range of Rs159.45 and Rs159.55. The market recorded day high of Rs159.55 and low of Rs159.08 and closed at Rs159.12.

The exchange rate in open market also witnessed gain of 20 paisas in the rupee value. The buying and selling of dollar was recorded at Rs158.40/Rs159.40 from previous day’s closing of Rs158.60/Rs159.60 in cash ready market.

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Rupee gains 18 paisas in interbank market

KARACHI: The Pak Rupee gained 18 paisas against dollar on Thursday owing to improved inflows of foreign remittances and export receipts.

The rupee closed at Rs159.42 to the dollar from previous day’s closing of Rs159.60 in interbank foreign exchange market.

The foreign currency market was initiated in the range of Rs159.60 and Rs159.68. The market recorded day high of Rs159.60 and low of Rs159.35 and closed at Rs159.42.

The exchange rate in open market also witnessed gain in the rupee value. The buying and selling of dollar was recorded at Rs158.60/Rs159.60 from previous day’s closing of Rs159.00/Rs160.00 in cash ready market.

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Rupee gains 46 paisas in interbank market

The Pak Rupee made notable progress against the US Dollar on Wednesday, appreciating by 46 paisas amid improved inflows of remittances sent by overseas Pakistanis. This positive movement reflects the currency’s resilience in the interbank foreign exchange market.

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KARACHI: The Pak Rupee gained 39 paisas against dollar on Tuesday owing to improved inflows of export receipts and home remittances.

The rupee ended Rs160.06 to the dollar as compared with the previous day’s closing of Rs160.45 in interbank foreign exchange market.

Currency experts said that the improved inflows of export receipts and home remittances helped the rupee to recover value against the greenback.

The foreign exchange market was initiated in the range of Rs160.45 and Rs160.55. The market recorded day high of Rs160.59 and low of Rs160.00.

The exchange rate in open market also witnessed improvement in rupee value. The buying and selling of dollar was recorded at Rs159.00/160.00 from previous day’s closing of Rs160.00/Rs160.50 in cash ready market.

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Rupee gains 14 paisas in interbank market

KARACHI: The Pak Rupee 14 paisas against dollar on Monday owing to improved sentiments following approval of the US support.

The rupee ended Rs160.45 to the dollar from last Friday’s closing of Rs160.59 in interbank foreign exchange market.

The foreign currency market was initiated in the range of Rs160.45 and Rs160.60. The market recorded day high of Rs160.59 and low of Rs160.40 in interbank foreign exchange market.

Currency experts said that improved sentiments helped the rupee to gain the value. The US administration last week approved support to sale fighter jet to Pakistan after the successful visit of Prime Minister Imran Khan.

The exchange rate in open market witnessed no change in rupee value. The buying and selling of dollar was recorded at Rs160.00/Rs160.50, the same previous value, in cash ready market.

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Rupee ends down by 14 paisas in interbank market

KARACHI: The Pak Rupee ended down by 14 paisas against dollar on Friday owing to advance payments ahead of weekly holidays.

The rupee closed at Rs160.59 to the dollar from previous day’s closing of Rs160.45 in interbank foreign exchange market.

The foreign currency market was initiated in the range of Rs160.50 and Rs160.60. The market recorded day high of Rs160.60 and low of Rs160.50 and closed at Rs160.59 in interbank foreign exchange market.

Currency experts said that the rupee was under pressure due to higher demand for import and corporate payments ahead of two weekly holidays.

The exchange rate in open market, however, witnessed gain in rupee value. The buying and selling of dollar was recorded at Rs160.00/Rs160.50 from previous day’s closing of Rs160.20/Rs160.70 in cash ready market.

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Rupee gains 33 paisas in interbank market