Tag: Pak Rupee

KARACHI: The Pak Rupee ended down by 20 paisas in open market on Saturday owing to recent changes in the federal cabinet.

The buying and selling of dollar was recorded at Rs142.00/Rs142.50 from previous day’s closing of Rs142.00/Rs142.50 in cash ready market.

The local unit lost 50 paisas against the greenback during the last two days.

Currency dealers said that the rupee was under pressure in the open market owing to uncertainty over the fate of the local currency after the new finance adviser had been installed by the Prime Minister.

Asad Umar, who resigned from the portfolio of finance minister, said that any new finance incharge had to take difficult decision for betterment of economy.

KARACHI: The rupee maintained level against dollar for the fifth consecutive day on Friday amid reshuffle in the federal cabinet.

The rupee ended Rs141.40 to the dollar, the same previous day’s level, in interbank foreign exchange market.

The interbank foreign exchange market was initiated in the range of Rs141.39 and Rs141.40.

The market recorded day high of Rs141.40 and low of Rs141.3950 and closed at Rs141.40.

The rupee maintained the level of Rs141.40 to the dollar since April 15, 2019. The rupee also maintained the level despite major reshuffle in the federal cabinet and resignation of the finance minister.

The exchange rate in the open market however ended with depreciation of the local currency.

The buying and selling of dollar of Rs141.80/Rs142.30 from previous day’s closing of Rs141.50/Rs142.00 in cash ready market.

KARACHI: The Pak Rupee remained unchanged against dollar on Thursday amid lackluster trading activities.

The rupee ended Rs141.40 to the dollar, the same previous day’s closing level, in interbank foreign exchange market.

The interbank foreign exchange market was initiated in the range of Rs141.39 and Rs141.40.

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

The exchange rate in open market however ended with appreciation of the local unit.

The buying and selling of dollar was recorded at Rs141.50/Rs142.00 as compared with previous day’s closing of Rs141.70/Rs142.20 in cash ready market.

KARACHI: The Pak Rupee ended firmer against dollar on Wednesday amid static demand for import and corporate payments.

The rupee ended Rs141.40 to the dollar, the same previous day’s level, in interbank foreign exchange market.

The interbank foreign exchange market was initiated in the range of Rs141.39 and Rs141.40.

The market recorded day high of Rs141.40 and low of Rs141.39 and closed at Rs141.40.

The currency experts said that the falling imports and narrowing trade deficit up to month of March 2019 had helped the rupee to maintain levels.

In the open market the rupee further strengthened owing to inflows.

The buying and selling of dollar was recorded at Rs141.50/Rs142.00 from previous day’s closing of Rs141.70/Rs142.20 in cash ready market.

KARACHI: The Pak Rupee ended unchanged against dollar in interbank foreign exchange market on Tuesday amid lackluster trading.

The rupee ended Rs141.40 to the dollar, the same previous day’s closing level, in interbank foreign exchange market.

The interbank foreign exchange market was initiated in the range of Rs 141.39 and Rs141.40.

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

In open market the exchange rate, however, the rupee gained 10 paisas against the greenback.

The buying and selling of dollar was recorded at Rs141.70/Rs142.20 from previous day’s closing of Rs141.80/Rs142.30 in cash ready market.

KARACHI: The Pak Rupee ended down by one paisa against dollar on Monday on higher demand from corporate sector.

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

The interbank foreign exchange market was initiated in the range of Rs141.39 and Rs141.40.

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

Currency dealers said that the local unit gained earlier in the day. However, on demand corporate side the value rebounded.

In open market the rupee gained 20 paisas against dollar.

The buying and selling of dollar was recorded at Rs141.80/Rs142.30 from last Saturday’s closing of Rs142.00/Rs142.50 in cash ready market.

KARACHI: The Pak Rupee gained 4 paisas against dollar in early trade on Monday owing to narrowing trade deficit during first nine months in the current fiscal year.

The dollar is being traded at Rs141.35 to the dollar in interbank foreign exchange market. The foreign current market was ended at Rs141.39 to the dollar on last Friday.

The trade deficit was narrowed by 8 percent during July – March 2018/2019 to $23.67 billion as compared with the deficit of $27.21 billion in the corresponding period of the last fiscal year.

The trade deficit significantly shrank by 21 percent in March 2019 to $2.17 billion as compared with $3.02 billion in the same month of the last year.