Tag: Pak Rupee

KARACHI: The Pak Rupee lost 38 paisas against dollar on Thursday after indication of the government for entering IMF program.

The rupee ended Rs139.19 to the dollar from previous day’s close of Rs138.81 in interbank foreign exchange market.

The interbank foreign exchange market was initiated in the range of Rs138.92 and Rs138.99.

The market recorded day high of Rs139.25 and low of Rs138.95 and closed at Rs139.19.

A day earlier the finance minister hinted at entering into a new loan program with IMF.

The exchange rate in open market also revised downward.

The buying and selling of dollar was recorded at Rs138.70/Rs139.20 from previous day’s closing of Rs138.30/Rs138 in cash ready market.

Related Stories
Rupee maintains level against dollar

KARACHI: The Pak Rupee maintained level against dollar on Wednesday despite higher demand for import and corporate payments.

The rupee ended Rs138.81 to the dollar from previous day’s close of Rs138.82 in interbank foreign exchange market.

The interbank foreign exchange market was market initiated in the range of Rs138.80 and Rs138.85.

The market recorded day high of Rs138.88 and low of Rs138.78 and closed at Rs138.81.

Currency experts said that due to declining import bill the demand for the greenback was eased.

The trade deficit has narrowed by 11 percent during first eight months of current fiscal year owing decline in import bill, Pakistan Bureau of Statistics (PBS) said on Tuesday.

The trade deficit shrank to $21.52 billion during July – February 2018/2019 as compared with the deficit of $24.19 billion in the corresponding period of the last fiscal year.

The import bill of the country was declined by 6.13 percent to $36.63 billion during first eight months of current fiscal year as compared with $39.03 billion in the same period of the last fiscal year.

The exchange rate in the open market was also remained stable.

The buying and selling of dollar was recorded at Rs138.30/Rs138.80, the same previous day’s level, in cash ready market.

KARACHI: The Pak Rupee ended flat against dollar on Tuesday amid higher demand for import and corporate demand.

The rupee ended Rs138.82 to the dollar from previous day’s close of Rs138.82 in interbank foreign exchange market.

The interbank foreign exchange market was initiated in the range of Rs138.80 and Rs138.85.

The market recorded day high of Rs138.90 and low of Rs138.82 and closed at Rs138.82.

Currency experts said that the scheduled repayment of foreign loans had pressure on the local currency. However, they said that expected inflows of $4.1 billion during next few days would help the local currency to gain values.

The exchange rates in the open market were also flat.

The buying and selling of dollar was recorded at Rs138.30/Rs138.80 from previous day’s closing of Rs138.30/Rs138.70 in cash ready market.

Related Stories
Rupee falls by 26 paisas against dollar

The Pakistani Rupee experienced a depreciation of 26 paisas against the US Dollar, closing at Rs138.81 in the interbank foreign exchange market. This decline comes after last Friday’s closing of Rs138.55, reflecting heightened demand for dollars driven by import and corporate payment obligations.

(more…)

KARACHI: The Pak Rupee gained nine paisas against dollar on Friday owing to inflows of remittances and export receipts.

The rupee ended Rs138.55 to the dollar from previous day’s close of Rs138.64 in interbank foreign exchange market.

The interbank foreign exchange market was initiated in the range of Rs138.60 and Rs138.65.

The market recorded day high of Rs138.65 and low of Rs138.52 and closed at Rs138.55.

In the open market the exchange rate was remained unchanged.

The buying and selling of dollar was recorded Rs138.50/Rs139.00, the same previous day level, in the cash ready market.

Related Stories
Rupee gains 20 paisas against dollar

KARACHI: The Pak Rupee gained 20 paisas against dollar on Thursday owing to inflows of remittances and export receipts.

The rupee ended Rs138.64 to the dollar from previous day’s close of Rs138.84 in interbank foreign exchange market.

The interbank foreign exchange market was initiated in the range of Rs138.70 and Rs138.75.

The market recorded day high of Rs138.77 and low of Rs138.63 and closed at Rs138.64.

In the open market the exchange rate was remained unchanged.

The buying and selling of dollar was recorded Rs138.50/Rs139.00, the same previous day level, in the cash ready market.

ISLAMABAD: The Pak Rupee ended down by 11 paisas against dollar in interbank foreign exchange market owing to high demand for import and corporate payments. (more…)

KARACHI: The Pak Rupee ended down by 5 paisas against dollar on Tuesday owing to demand for import and corporate payments.

The foreign currency market ended at Rs138.73 to the dollar as compared with last Friday’s closing of Rs138.68.

The foreign exchange market was initiated in the range of Rs138.75 and Rs138.80. The market recorded a high of Rs138.80 and low of Rs138.68 and closed at Rs138.73.

Currency experts said that the market opened after two weekly holidays and the demand was higher for import and corporate payments.

The local currency however ended in the open market.

Buying and selling of dollar was recorded at Rs138.50/Rs139.00, the same previous day’s level, in cash ready market.

KARACHI: The Pak Rupee depreciated by 12 paisas against the US dollar in early trade on Tuesday owing to high demand for import and corporate payment.

The dollar is being traded at Rs138.80 in interbank foreign exchange market. The exchange rate was ended a day earlier at Rs138.68 in the foreign exchange market.

Currency dealer said that due to higher demand of dollar for import and corporate payment the rupee was witnessing decline.