The Pakistani Rupee demonstrated resilience against the US Dollar on Tuesday, making a slight gain despite increased demand for imports and corporate payments, according to dealers in the interbank foreign exchange market.
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Pakistan Revenue is committed to providing accurate exchange rates in Pak Rupee for foreign currencies, helping readers stay informed about the fluctuating value of the Pak Rupee in the market.
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Rupee ends down by three paisas on import demand
KARACHI: The Pak Rupee ended down by three paisas against dollar on Monday due to increase in demand for the foreign currency by importers and corporate buyers.
The rupee ended at Rs154.60 to the dollar from last Friday’s closing of Rs154.57 in interbank foreign exchange market.
The currency dealers said that the demand for the foreign currency was higher as market resumed trading after two days weekly holidays.
The foreign currency market was initiated in the range of Rs154.58 and Rs154.62. The market recorded day high of Rs154.66 and low of Rs154.54 and closed at Rs4154.60.
The exchange rate in open market witnessed stable rupee value. The buying and selling of dollar was recorded at Rs154.50/Rs154.80, the same last Friday’s closing, in cash ready market.
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Rupee gains nine paisas on foreign inflows in debt market
KARACHI: The Pak Rupee gained nine paisas against dollar on Friday owing to significant foreign inflows in debt market, dealers said.
The rupee ended Rs154.57 to the dollar as compared with previous day’s closing of Rs154.66 in interbank foreign exchange market.
The dealers said that the debt market witnessed record single day investment.
The debt market witnessed investment of $536 million in treasury bills on Friday.
The market was initiated in the range of Rs154.57 and Rs154.62. The market recorded day high of Rs154.62 and low of Rs154.56 and closed at Rs154.57.
The exchange rates in open market also witnessed appreciation in rupee value.
The buying and selling of dollar at Rs154.50/Rs154.80 from previous day’s closing of Rs154.60/Rs154.90 in cash ready market.
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Rupee gains 12 paisas on sufficient dollar supply
KARACHI: The Pak Rupee gained 12 paisas against dollar on Thursday owing to sufficient supply of the greenback in the market.
The rupee ended Rs154.66 to the dollar from previous day’s closing of Rs154.78 in interbank foreign exchange market.
Currency dealers said that the market witnessed sufficient supply of dollar during the day. The inflows helped the rupee to gain the value against the foreign currency.
The foreign currency market was initiated in the range of Rs154.76 and Rs154.79. The market recorded day high of Rs154.77 and low of Rs154.66 and closed at Rs154.66.
The exchange rate in open market also witnessed appreciation in local currency.
The buying and selling of the dollar was recorded at Rs154.60/Rs154.90 from previous day’s closing of Rs154.70/Rs155.00 in cash ready market.
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Rupee gains seven paisas on inflows
KARACHI: The Pak Rupee gained seven paisas against dollar on Wednesday owing to inflows of export receipts and workers remittances, dealers said.
The rupee ended Rs154.78 to the dollar from previous day’s closing of Rs154.85 in interbank foreign exchange market.
The dealers said that the rupee was appreciated owing to inflows of export receipts and workers remittances. They said that improved economic indicators helped the rupee to gain.
The foreign currency market was initiated in the range of Rs154.85 and Rs154.89. The market recorded day high of Rs154.85 and low of Rs154.78 and closed at Rs154.78.
The exchange rate in open market witnessed stable rupee value. The buying and selling of the dollar was recorded at Rs154.70/Rs155.00, the same previous day’s level, in cash ready market.
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Rupee ends unchanged amid high dollar demand
KARACHI: The Pak Rupee ended unchanged against dollar on Tuesday amid high demand for import and corporate payments.
The rupee ended Rs154.85 to the dollar, the same previous day’s closing, in interbank foreign exchange market.
Currency dealers said that the market witnessed higher demand for dollar early in the day. However, the inflows of remittances and export receipts helped the rupee to maintain level.
The foreign currency market was initiated in the range of Rs154.87 and Rs154.92. The market recorded day high of Rs154.87 and low of Rs154.84 and closed at Rs154.85.
The exchange rate in open market also witnessed no change in rupee value. The buying and selling of the dollar was recorded at Rs154.70/Rs155.00, the same previous day’s closing, in cash ready market.
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Rupee eases two paisas amid higher import payment demand
KARACHI: The Pak Rupee ended down by two paisas against dollar on Monday amid higher demand for import and corporate payments.
The rupee ended at Rs154.85 to the dollar from last Friday’s closing of Rs154.83 in interbank foreign exchange market.
Currency dealers said that the market initiated with higher demand for dollars. The demand was higher due to opening of the market after two weekly holidays.
The foreign currency market was initiated in the range of Rs154.85 and Rs154.90. The market recorded day high of Rs154.89 and low of Rs154.84 and closed at Rs154.85.
The exchange rate in open market however, witnessed appreciation in rupee value. The buying and selling of dollar recorded at Rs154.70/Rs155.00 as compared with last Friday’s closing of Rs155.00/Rs155.40 in cash ready market.
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Rupee gains six paisas on improved economic indicators
KARACHI: The Pak Rupee made gain six paisas against dollar on Friday owing to improved economic indicators.
The rupee ended Rs154.83 to the dollar from previous day’s closing of Rs154.89 in interbank foreign exchange.
Currency dealers said that inflows of export and remittances helped the rupee to make gain.
They said that improved economic indicators and declining import bill also helped the rupee to make gain.
The foreign currency market was initiated at Rs14.85 and Rs154.90. The market recorded day high of Rs154.87 and low of Rs154.82 and closed at Rs154.83.
The exchange rate in open market witnessed gain in rupee value. The buying and selling of dollar was recorded at Rs155.00/Rs155.40 from previous day’s closing of Rs155.30/Rs155.70 in cash ready market.
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Rupee makes gain on improved inflows
KARACHI: The Pak Rupee ended with significant gain against dollar on Thursday after witnessing decline for three consecutive days.
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Rupee recovers 22 paisas in early trading
KARACHI: The Pak Rupee recovered 22 paisas against dollar in early trade on Thursday.
The dollar is being traded at Rs154.86 in interbank foreign exchange market. The rupee ended at Rs155.08 on Wednesday January 08, 2020.
The rupee was remained pressure with start of the year. The inflows of export receipts and ease in geopolitical tension helped the local currency to recover against the greenback.