Tag: Pak Rupee

KARACHI: The dollar appreciated by Rs2.94 to make a new record high on Friday owing to weak economic indicators and high debt repayments during next two years.

The rupee ended Rs155.85 to the dollar from previous day’s closing of Rs152.91 in interbank foreign exchange market.

The interbank foreign exchange market initiate in the range of Rs153.50 and Rs153.75. The market recorded day high of Rs156.50 and low of Rs153.95 and closed at Rs155.85.

Currency experts said that the statement of the adviser to the prime minister regarding interest payment earlier in the day against foreign loan pressurized the local currency.

The exchange rate in open market also witnessed depreciation of the local currency.

The buying and selling of the dollar was recorded at Rs156.00/Rs157.50 from previous day’s closing of Rs152.50/Rs153.50 in cash ready market.

KARACHI: The US Dollar appreciated to record high at Rs 153.71 in early trade on Friday owing to high demand for import.

The dollar is being trade at Rs153.71 after witnessing 80 paisas in interbank foreign exchange market.

The exchange rate was closed yesterday at Rs152.91 to the dollar in Interbank Foreign Exchange Market.

KARACHI: The Pak Rupee hit all time low by losing Rs1.34 against dollar on Thursday owing to higher oil payment demand and scheduled repayment against foreign loan.

The rupee ended Rs152.91 to the dollar from previous day’s close of Rs151.57 in interbank foreign exchange market.

The foreign exchange market was initiated in the range of Rs151.50 and Rs151.90.

The market recorded day high of Rs153.00 and low of Rs151.85 and closed at Rs152.91.

Currency experts said that the rupee was under pressure due to schedule repayment of foreign debt. Further the inflows of remittances became lower after Eid festival, they added.

They further added that the weekly payment of oil payment also escalated the demand for the greenback.

The exchange rate in open market was also witnessed depreciation in rupee value.

The buying and selling of dollar was recorded at Rs152.00/Rs153.00 as compared with previous day’s closing of Rs151.30/Rs152.00 in cash ready market.

The US dollar surged to an all-time high against the Pakistani rupee, reaching Rs153 during midday trading on Thursday. This significant increase is attributed to weak economic indicators, which have placed considerable pressure on the local currency.

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KARACHI: The Pak Rupee fell by 10 paisas against dollar on Wednesday owing to demand for import and corporate payments.

The rupee ended Rs151.57 to the dollar from previous day’s closing of Rs151.47 in interbank foreign exchange market.

The foreign exchange market was initiated in the range of Rs151.50 and Rs151.75. The market recorded day high of Rs152.00 and low of

Rs151.40 and closed at Rs151.57.

Currency experts said that the rupee would remain stable till the end of current fiscal year or June 30, 2019.

The exchange rate in open market also witnessed depreciation in rupee value.

The buying and selling of dollar was recorded at Rs151.30/Rs152.00 from previous day’s closing of Rs151.00/Rs152.00 in cash ready market.

KARACHI: The Pak Rupee weakened by Rs1.36 against the US dollar on Tuesday as demand persists for import payment.

The rupee closed at Rs151.47 to the dollar from previous day’s close of Rs150.11 in interbank foreign exchange market.

Currency experts said that the rupee declined due to weak economic conditions.

They said that the economic survey launched yesterday presented bleak picture of Pakistan’s economy.

The exchange rate also witnessed depreciation in rupee value.

The buying and selling of dollar was recorded at Rs151.00/Rs152.00 from previous day’s closing of Rs150.10/Rs150.40 in cash ready market.

KARACHI: The Pak Rupee ended down by Rs2.51 against dollar on Monday due to high demand for import and corporate payments as the currency market opened after a week.

The rupee ended at Rs150.11 to the dollar from June 03, 2019 trading of Rs148.60 in interbank foreign exchange market.

The interbank foreign exchange market was initiated in the range of Rs149.00 and Rs149.50.

The market recorded day high of Rs151.25 and low of Rs149.50 and closed at Rs150.11.

Currency experts said that the market was remained closed during June 04 to June 09 due to Eid and weekly holidays. The weeklong holidays jacked up the demand for import payments and corporate payments.

The exchange rate also witnessed depreciation in rupee value in open market.

The buying and selling of the dollar was recorded at Rs149.50/Rs150.50 as compared with June 03 closing of Rs147.80/Rs148.80.

The Pakistani rupee experienced a significant decline against the US dollar in mid-day trading on Monday, falling by Rs1.60 in the interbank foreign exchange market.

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KARACHI: The Pak Rupee weakened by 70 paisas against dollar on Monday owing to higher demand for import and corporate payments due to upcoming Eid holidays.

The rupee ended Rs148.60 to the dollar from last Friday’s closing of Rs147.90 in interbank foreign exchange market.

The interbank foreign exchange market was initiated in the range of Rs148.00 and Rs148.50.

The market recorded a high of Rs148.90 and low of Rs148.00 and closed at Rs148.60.

Currency experts said that the demand was increased due to upcoming weeklong holidays.

The exchange rate in open market also witnessed decline in rupee value.

The buying and selling of dollar was recorded at Rs148.00/Rs149.00 as compared with previous closing of Rs147.50/Rs148.50 in cash ready market.

KARACHI – The Pakistani Rupee faced a further depreciation of 48 paisas against the US Dollar in intraday trading on Monday, creating fluctuations in the currency market just ahead of the Eid Holidays.

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