Tag: Pak Rupee

KARACHI: The Pak Rupee gained 33 paisas against dollar on Thursday owing to positive sentiments prevailed following successful visit of the US by Prime Minister Imran Khan.

The rupee ended Rs160.45 to the dollar from previous day’s closing of Rs160.78 in interbank foreign exchange market.

The foreign currency market was initiated in the range of Rs160.45 and Rs160.75 in interbank foreign exchange market. The market recorded day high of Rs160.70 and low of Rs160.45 in interbank foreign exchange market.

Currency experts said that the local unit may under pressure in coming days due to higher import and corporate payments.

The exchange rate in open market also witnessed appreciated in rupee value. The buying and selling of dollar was recorded at Rs160.20/Rs160.70 as compared with previous day’s closing of Rs160.30/Rs160.80 in cash ready market.

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Rupee falls by 19 paisas in interbank market

KARACHI: The Pak Rupee fell by 19 paisas against dollar on Wednesday owing to higher demand for import and corporate payments.

The rupee ended at Rs160.78 to the dollar from previous day’s closing of Rs160.59 in interbank foreign exchange market.

The foreign currency market was initiated in the range of Rs160.50 and Rs160.75. The market recorded day high of Rs160.90 and low of Rs160.75 and ended at Rs160.78 in interbank foreign exchange market.

Currency experts said that the rupee was under pressure due to higher corporate demands as multinational companies were set to announce their financial results and repatriate their profit in dollar term.

The exchange rate in open market also witnessed depreciation in rupee value. The buying and selling of dollar was recorded at Rs159.90/Rs160.90 from previous day’s closing of Rs159.60/Rs160.60 in cash ready market.

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Rupee ends down by six paisas in interbank market

KARACHI: The Pak Rupee ended down by six paisas against dollar on Tuesday amid demand from importer and corporate sector for the foreign currency.

The rupee ended at Rs160.59 to the dollar from previous day’s closing of Rs160.53 in interbank foreign exchange market.

The foreign currency market was initiated in the range of Rs160.35 and Rs160.50. The market recorded day high of Rs160.65 and low of Rs160.15 in interbank foreign exchange market.

Currency experts said that the local currency was under pressure due to scheduled payments for foreign debts and higher demand for import payments.

The exchange rate in open market witnessed appreciation in rupee value. The buying and selling of dollar was recorded at Rs159.60/Rs160.60 from previous day’s closing of Rs160.20/Rs160.70 in cash ready market.

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Rupee falls by 34 paisas in interbank market

KARACHI: The Pak Rupee fell by 34 paisas against dollar on Monday due to higher demand for import and corporate payments.

The rupee closed at Rs160.53 to the dollar from last Friday’s closing of Rs160.19 in interbank foreign exchange market.

The foreign currency market was initiated in the range of Rs160.30 and Rs160.60 to the dollar. The market recorded day high of Rs160.65 and low of Rs160.40 and ended at Rs160.53 in interbank foreign currency market.

Currency experts said that the local unit was under pressure in the opening after two days weekly holidays. The currency experts said that the unclear situation regarding exchange rate policy revised through Foreign Exchange Manual also impacted the demand and supply situation.

The exchange rate in the open market also witnessed decline in rupee value. The buying and selling of dollar was recorded at Rs160.20/Rs160.70 from previous closing of Rs160.00/Rs160.50.

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Rupee ends down by 16 paisas in interbank

KARACHI: The Pak Rupee ended down by 16 paisas against dollar in interbank foreign exchange market on Friday owing to higher payments for import and corporate payments.

The rupee ended Rs160.19 to the dollar from previous day’s closing of Rs160.03 in interbank foreign exchange market.

The foreign currency market was initiated in the range of Rs160.00 and Rs160.10. The market recorded day high of Rs160.20 and low of Rs160.10 and closed at Rs160.03.

Currency experts said that the local currency was under pressure due to weekly holdays next two days.

The exchange rate in open market also witnessed decline in value of the local unit. The buying and selling of dollar was recorded at Rs160.00/Rs160.50 from previous day’s closing of Rs159.80/Rs160.50 in cash ready market.

KARACHI: The Pak Rupee fell 21 paisas against dollar on Thursday due to higher demand for import and corporate payments.

The rupee ended at Rs160.03 to the dollar from previous day’s closing of Rs159.82 in interbank foreign exchange market.

The foreign currency market was initiated in the range of Rs159.95 and Rs160.05. The market recorded day high of Rs160.10 and low of Rs159.95 and closed at Rs160.03 to the dollar.

Currency experts said that the local unit was under pressure due to scheduled repayment for foreign debt and payments for import and corporate.

The exchange rate in open market also witnessed deterioration in rupee value. The buying and selling of dollar recorded at Rs159.80/Rs160.30 from previous day’s closing of Rs159.30/Rs160.30 in cash ready market.

In Karachi, the Pakistani Rupee experienced a significant gain of 24 paisas against the US Dollar on Wednesday, attributed to optimistic remarks regarding the economy made by the governor of the State Bank of Pakistan (SBP) the previous day.

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KARACHI: The Pak Rupee ended down by 19 paisas against dollar on Tuesday amid money policy announcement and higher demand for import and corporate payments.

The rupee ended Rs160.06 to the dollar from previous day’s closing of Rs159.87 in interbank foreign exchange market.

The foreign currency market was initiated in the range of Rs160.25 and Rs160.60. The market recorded day high of Rs160.95 and low of Rs159.90 in interbank foreign exchange market.

Currency experts said that the local currency would remain under pressure due to schedule repayment of foreign debt and payment for imports.

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

KARACHI: The Pak Rupee deteriorated by another Rs1.04 in early trade on Tuesday ahead of monetary policy announcement and pressure of import and corporate payments.

The dollar is being traded at Rs160.91 in interbank foreign exchange market. The rupee closed yesterday at Rs159.87 to the dollar in foreign currency market.

Currency experts said that due to rescheduled payment against foreign debt the demand for greenback was high.

They further said that as rupee was also under pressure because by fiscal year end many multinational and foreign companies repatriated their profits.

The local currency was remained under pressure for the last over one week due to weak economic indicators.

The experts said that the State Bank of Pakistan (SBP) is scheduled to announce monetary policy for next two months today.

The analysts believe that the central bank may further increase key policy rate by 100 basis points to 13.25 percent as present policy rate of 12.25 percent.

However, some relief was seen in easing trade deficit and decline of import bill by around 9 percent.

The experts said that the policy to curb luxury and non-essential imports would help the local currency to show resilience against dollar.

KARACHI: The Pak Rupee weakened by Rs1.07 against dollar on Monday owing to demand for imports and corporate payments.

The rupee ended Rs159.87 to the dollar as compared with last Friday’s closing of Rs158.80 in interbank foreign exchange market.

The foreign currency market was initiated in the range of Rs159.00 and Rs159.40 to the dollar. The market recorded day high of Rs159.95 and low of Rs159.40 and closed at Rs159.87.

Currency analysts said that the payment pressure had further weakened the rupee value.

The exchange rate in open market also witnessed deterioration in rupee value. The buying and selling of dollar was recorded at Rs159.50/Rs160.50 as compared with previous closing of Rs158.70/Rs159.30 in cash ready market.