Tag: Pak Rupee

KARACHI: The rupee fell by 4.58 percent against dollar during the last week in interbank foreign exchange market. The fall mainly attributed to IMF loan program which was recently agreed by Pakistan.

The dollar reached to record high by end of last weekly trading day on Friday. The interbank foreign exchange market ended Rs148.00 to a dollar.

The country had agreed to the conditionalities involved in IMF’s Extended Fund Facility during this week. Since the initial agreement to the IMF program the financial markets of Pakistan had crashed mercilessly.

Currency analysts said that the dollar appreciated by Rs6.48 during last trading week. The exchange rate was started the week at Rs141.40 and ended at Rs148.00 to the dollar in interbank foreign exchange market.

KARACHI: The Pak Rupee ended down against dollar on Friday and closed at Rs148.00 in interbank foreign exchange market.

The rupee was remained under pressure against dollar and shed Rs1.50 to close at Rs148.00 to the dollar from previous day’s closing of Rs146.50 in interbank foreign exchange market.

The rupee was touched historic lows during intra-day trading.

The interbank foreign exchange market was initiated in the range of Rs146.00 and Rs147.00. The market recorded day high of Rs150 and low of Rs147.50 and closed at Rs148.00.

The exchange in open market also witnessed depreciation of Pak Rupee.

The buying and selling of dollar was recorded Rs148.00/Rs150.50 from previous day’s closing of Rs146.00/Rs147.50 in cash ready market.

KARACHI: The Pak Rupee deteriorated mercilessly on Friday to reach all time low at Rs 150 to the dollar in Interbank Foreign Exchange Market.

The rupee fell around Rs3.50 to the dollar in intraday trading.

The dollar is being traded at Rs 150 from last day closing of Rs146.50.

Currency experts said that the government had left the local currency on market forces on the wishes of IMF.

KARACHI: The Pak Rupee depreciated massively against dollar to end at record low of Rs146.52 by shedding Rs5.12 in the single day trading.

The exchange rate hit Rs148 for one dollar in midday trading. However, the local unit recovered slightly.

The exchange rate in the Interbank market closed today at Rs146.52 per US$ from previous day’s close of Rs141.40 to the dollar: Chief Spokesman State Bank of Pakistan (SBP) said after sharp decline of local currency.

“This movement reflects demand and supply conditions in the foreign exchange market,” Chief Spokesman State Bank.

It will help in correcting market imbalances, he added.

The exchange rate in open market was also witnessed massive decline in local currency value.

The buying and selling of dollar was recorded at Rs146.00/Rs147.50 from previous day’s closing of Rs143.50/Rs144.00 in cash ready market.

Karachi – The Pakistani Rupee experienced a significant downturn in mid-day trading on Thursday, reaching a historic low against the US Dollar at Rs 148 in the Interbank Foreign Exchange Market.

(more…)

In Karachi on Wednesday, the Pakistani Rupee showcased resilience against the US Dollar, maintaining its stability in the interbank foreign exchange market. The exchange rate remained unchanged at Rs141.40, echoing the rate observed on the preceding day.

(more…)

KARACHI – The Pakistani Rupee demonstrated stability against the US Dollar in a day of range-bound trading activities on Tuesday.

(more…)

The Pakistani Rupee (PKR) remained stable against the US Dollar (USD) in the interbank market on Monday, closing at Rs141.40, the same level as last Friday, despite swirling rumors about a potential downturn following discussions between Pakistani authorities and the International Monetary Fund (IMF) regarding a new loan program.

(more…)

KARACHI: The Pak Rupee fell by one paisa against dollar on Friday amid sufficient inflows of export receipts and remittances.

The rupee ended Rs141.40 to the dollar from previous day’s closing of Rs141.39 in interbank foreign exchange market.

The interbank foreign exchange market was initiated in the range of Rs141.34 and Rs141.37.

The market recorded day high of Rs141.40 and low of Rs141.35 and closed at Rs141.40.

The rupee massively fell against dollar in the open market.

The buying and selling of dollar was recorded at Rs142.00/Rs142.50 as compared with previous day’s closing of Rs141.30/Rs141.80 in cash ready market.

Market experts said that the currency would see pressure due to upcoming IMF program and scheduled repayment for foreign debt by the country.

KARACHI: The rupee depreciated by 27 paisas against dollar on Thursday owing to reports of tough conditions under new IMF loan program.

The rupee ended at Rs141.39 to the dollar from previous day’s close of Rs141.12 in interbank foreign exchange market.

The interbank foreign exchange market was initiated in the range of Rs141.15 and Rs141.20. The market recorded day high of Rs141.40 and low ofRs.20 and closed at Rs141.39.

The exchange rate also witnessed decline in rupee value by 10 paisas in open market.

The buying and selling of dollar was recorded at Rs141.30/Rs141.80 as compared with previous day’s closing of Rs141.20/Rs141.70 in cash ready market.