Tag: Pak Rupee

KARACHI: The Pak Rupee ended down by 60 paisas against dollar on Monday on uncertain global and domestic financial conditions.

The rupee ended Rs166.14 to the dollar from last Friday’s closing of Rs165.54 in interbank foreign exchange market.

Currency analysts said that the rupee was remained under pressure due to outflow of foreign investment due to easing in monetary policy stance and global financial crisis after large scale spread of coronavirus.

The State Bank of Pakistan (SBP) cumulatively brought down the policy rate by 2.25 percent to 11 percent considering severe impact of coronavirus on the economy.

However, lowering the policy rate the foreign investors opted to sell their exposures in treasury bills after the reduction in the policy rate.

Currency experts said that the lower international oil prices however would help the local currency to recovery in the coming days as Pakistan’s import bill would reduce significantly.

KARACHI: The US dollar hits all time high against dollar in intraday trading on Thursday and reached at Rs165.

(more…)

KARACHI: The interbank foreign exchange market ended at Rs161.60 to the dollar on Wednesday, marking a sharp fall of Rs2.60 paisas from the previous day’s closing, according to the closing rate provided by the State Bank of Pakistan (SBP).

(more…)

KARACHI: The Pak Rupee massively depreciated by Rs3 in intraday trading after significant outflows of hot money, market sources said.

(more…)

The Pak Rupee experienced a decline of 33 paisas against the US dollar on Tuesday, driven by increased demand for import payments and prevailing uncertainty in the equity market. The rupee closed at Rs159.00 to the dollar, down from last Friday’s rate of Rs158.67 in the interbank foreign exchange market.

(more…)

KARACHI: The Pak Rupee ended down by 10 paisas against dollar on Friday owing to higher demand of the foreign currency for import payment.

The rupee ended Rs158.67 to the dollar from previous day’s closing of Rs158.57 in interbank foreign exchange market.

Currency dealers said that the higher demand for dollars depressed the rupee value. They said that the higher dollar demand was due to import of Ramazan related commodities.

The exchange rate in open market witnessed some changes in rupee value. The buying and selling of dollar was recorded at Rs158.00/Rs158.50 from previous day’s closing of Rs157.50/Rs158.50 in cash ready market.

KARACHI: The Pak Rupee fell by five paisas against dollar on Thursday due to rise in demand for import payment.

The rupee ended Rs158.57 to the dollar from previous day’s closing of R$158.52 in interbank foreign exchange market.

Currency dealers said that rise in demand for import payment depreciated the local currency. They said that majority of dollar demand was for the payment of imported commodities related to holy month of Ramazan.

The exchange rate in open market was remained unchanged. The dollar buying and selling was recorded at Rs157.50/Rs158.50, the same previous day’s closing, in cash ready market.

KARACHI: The Pak Rupee ended down by 10 paisas against dollar on Wednesday due to higher import payment demand.

The rupee closed at Rs158.52 to the dollar from previous day’s closing of Rs158.42 in interbank foreign exchange market.

Currency dealers said that the rupee fell due to rise in demand for import payment.

They said that the importers were holding the dollar purchase on expectation of major cut in key policy rate.

The foreign currency market was initiated in the range of Rs158.10 and Rs158.40. The market recorded day high Rs158.85 and low of Rs158.40.

The exchange rate in open market was remained unchanged. The dollar buying and selling was recorded at Rs157.50/Rs158.50, the same previous day’s closing, in cash ready market.

KARACHI: The Pak Rupee fell by two paisas against dollar on Tuesday amid demand from importers and corporate buyers.

The rupee ended Rs158.43 to the dollar from previous day’s closing of Rs158.41 in interbank foreign exchange market.

Currency experts said that the rupee had fallen significantly earlier in the day owing to demand from importers and corporate buyers. However, the sharp decline in international oil prices improved the sentiments.

The experts said that falling international oil prices would help the country to reduce its import bill.

The foreign currency market was initiated in the range between Rs158.65 and Rs159.25. The market recorded day high of Rs159.05 and low of Rs158.40 and closed at Rs154.43.

The exchange rate in open market witnessed decline in rupee value. The buying and selling of dollar was recorded at Rs157.50/Rs158.50 from previous day’s closing of Rs157.00/Rs158.00.

KARACHI: The Pak Rupee gained 57 paisas against dollar on Monday owing to falling oil prices in international markets.

The rupee closed at Rs158.41 to the dollar from last Friday’s closing of Rs158.98 in interbank foreign exchange market.

Currency dealers said that the international oil prices were falling constantly due to ease in demand on coronavirus threat and price war between Saudi Arabia and Russia.

The foreign currency market was initiated in the range of Rs157.75 and Rs158.00. The market recorded day high of Rs158.75 and low of Rs157.75 and closed at Rs158.41.

The exchange rate witnessed stable rupee value. The buying and selling of dollar was recorded at Rs157.00/Rs158.00, the same last Friday’s closing level, in cash ready market.