Tag: Pak Rupee

KARACHI: The Pak Rupee ended down by 15 paisas against dollar on Monday owing to demand for import and corporate payments.

The foreign currency market ended at Rs138.68 to the dollar as compared with last Friday’s closing of Rs138.53.

The interbank foreign exchange market was initiated in the range of Rs138.70 and Rs138.85. The market recorded day high of Rs138.95 and low of Rs138.65 and closed at Rs138.68.

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 gained in the open market.

Buying and selling of dollar was recorded at Rs138.50/Rs139.00 from last Saturday’s closing of Rs138.70/Rs139.20 in cash ready market.

KARACHI: The Pak Rupee has lost 12 paisas against the US dollar in early trade on Monday owing to demand for import and corporate payments.

The dollar is being traded at Rs138.65 in foreign currency market.

The exchange rate was ended at Rs138.53 to the dollar in interbank foreign exchange market.

Currency experts said that market was opened after two weekly holidays, which increased dollar demand for import and corporate payments.

KARACHI: The Pak Rupee gained another 29 paisas against dollar on Friday owing to positive sentiments prevailed in currency market.

The rupee ended Rs138.53 to the dollar as compared with previous day’s close of Rs138.82 in interbank foreign exchange market.

Currency dealers said that good-will gesture shown by Pakistan for releasing captured Indian pilot for normalization the situation resulted in prevalence of positive sentiments in the market.

The rupee also made a sharp recovery of 44 paisas against dollar a day earlier.

The exchange rate went up to Rs139.26 to the dollar after Indian aggression on February 27.

However, during the past two days, the local unit made significant recovery.

The interbank foreign exchange market was initiated in the range of Rs138.65 and Rs138.75.

The market recorded a high of Rs138.65 and low of Rs138.50 and closed at Rs138.53.

The exchange rate was unchaged in open market.

The buying and selling of dollar was recorded at Rs138.70/Rs139.20, same previous day’s level, in cash ready market.

Rupee makes sharp recovery of 44 paisas against dollar

KARACHI: The Pak Rupee maintained its recovery against dollar in early trade on Friday owing to positive sentiments.
The rupee gained 17 paisas to the dollar in the early trade as dollar is being traded at Rs138.65 in interbank foreign exchange market.
Currency dealers said that good-will gesture shown by Pakistan for releasing captured Indian pilot for normalization the situation resulted in prevalence of positive sentiments in the market.
The rupee also made a sharp recovery of 44 paisas against dollar on Thursday.
The rupee ended Rs138.82 to the dollar as compared with last day’s closing of Rs139.25 in interbank foreign exchange market.
The rupee was depreciated massively last day against dollar.
However, yesterday Pakistan shot down two Indian fighter jets in response to Indian violation of Pakistan airspace a day earlier.
Dealers said that the sentiments were positive in foreign currency market as economic indictors showing improvement.

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KARACHI: The Pak Rupee made a sharp recovery of 44 paisas against dollar on Thursday on peace message sent by Pakistan after giving strong response to Indian aggression.

The rupee ended Rs138.82 to the dollar as compared with last day’s closing of Rs139.25 in interbank foreign exchange market.

The rupee was depreciated massively last day against dollar.

However, yesterday Pakistan shot down two Indian fighter jets in response to Indian violation of Pakistan airspace a day earlier.

Dealers said that the sentiments were positive in foreign currency market as economic indictors showing improvement.

The interbank foreign exchange market was initiated in the range of Rs139.20 and Rs139.25.

The market recorded a high of Rs139.20 and low of Rs138.80 and closed at Rs138.82.

The exchange rate however has shown some negative trend.

The buying and selling of dollar was recorded at Rs139.00/Rs139.50 from previous day’s closing of Rs138.70/Rs139.20 in cash ready market.

KARACHI: The Pak Rupee ended down by 38 paisas against the US dollar on Wednesday owing to growing border tension.

The rupee was ended at Rs139.26 to the dollar as compared with Rs138.88 in interbank foreign exchange market.

The interbank foreign exchange market was initiated in the range of Rs138.95 and Rs139.05.

The market recorded day high of Rs139.26 and low of Rs139.00 and closed at Rs139.26.

Director-General Inter-Services Public Relations Major-General Asif Ghafoor earlier in morning in a tweet said Indian military planes violated the Line of Control (LoC), intruding from the Muzaffarabad sector.

Following the mounting tension at borders the currency markets witnessed deterioration.

Last week the Pak Rupee made significant gain dollar owing to shrinking current account deficit and foreign inflows.

Last Friday the rupee maintained gains for the third consecutive day as exchange rate was reached to Rs138.92 to the dollar on February 19, 2019.

Pakistan’s current account deficit has narrowed by 16.8 percent to $8.424 billion owing to declining imports and improved foreign remittances.

According to statistics released by State Bank of Pakistan (SBP), the current account deficit narrowed to $8.424 billion during July – January 2018/2019 as compared with the deficit of $10.124 billion in the corresponding period of the last fiscal year.

In open market the exchange rate also changed significantly.

The buying and selling of dollar was recorded at Rs138.70/Rs139.20 from previous day’s closing of Rs138.00/Rs139.00 in cash ready market.

KARACHI: The Pak Rupee ended sharply down by 30 paisas against US dollar on Tuesday owing to latest border violation by Indian air force.

Indian military planes violated the Line of Control (LoC), intruding from the Muzaffarabad sector, Director-General Inter-Services Public Relations Major-General Asif Ghafoor said on his official Twitter account early on Tuesday.

Following the mounting tension at borders the currency markets witnessed deterioration.

The rupee ended Rs138.88 to the dollar as compared with previous day’s close of Rs138.88 in interbank foreign exchange market.

Last week the Pak Rupee made significant gain dollar owing to shrinking current account deficit and foreign inflows.

Last Friday the rupee maintained gains for the third consecutive day as exchange rate was reached to Rs138.92 to the dollar on February 19, 2019.

Pakistan’s current account deficit has narrowed by 16.8 percent to $8.424 billion owing to declining imports and improved foreign remittances.

According to statistics released by State Bank of Pakistan (SBP), the current account deficit narrowed to $8.424 billion during July – January 2018/2019 as compared with the deficit of $10.124 billion in the corresponding period of the last fiscal year.

The exchange rate also changed in open market and local unit lost 20 paisas.

The buying and selling of dollar was recorded at Rs138.50/Rs139.00 from previous day’s closing of Rs138.30/Rs138.80.