Tag: Pak Rupee

KARACHI: The Pak Rupee ended flat against dollar on Tuesday in lackluster trading activities, dealers said.

The rupee ended Rs155.45 to the dollar from previous day’s closing of Rs155.44 in interbank foreign exchange market.

Dealers said that lower dollar demand for import and corporate payments kept the rupee stable in the foreign currency market.

The foreign currency market was initiated in the range of Rs155.45 and Rs155.55. The market recorded day high of Rs155.45 and low of Rs155.43 and closed at Rs155.45.

The exchange rate in open market also witnessed stable rupee value. The buying and selling of dollar was recorded at Rs155.20/Rs155.50, the same previous day’s level, in cash ready market.

KARACHI: The Pak Rupee gained three paisas against dollar on Monday despite higher demand for import and corporate payments.

The rupee ended Rs155.44 to the dollar from last Friday’s closing of Rs155.47 in interbank foreign exchange market.

Currency dealers said the market witnessed higher dollar demand earlier in the day because the market opened after two weekly holidays. They said that later in the day inflows from remittances and export receipts supported the local unit.

The foreign currency market was opened in the range between Rs155.43 and Rs155.45. The market recorded day high of Rs155.60 and low of Rs155.34 and closed at Rs155.44.

The exchange rate in open market however witnessed stable rupee value.

The buying and selling of dollar was recorded at Rs155.20/Rs155.50, the same closing level on last Friday, in cash ready market.

KARACHI: The Pak Rupee gained another eight paisas against dollar on Friday owing to increase in foreign exchange reserves.

The rupee ended at Rs155.47 to the dollar from previous day’s closing of Rs155.55 in interbank foreign exchange market.

Currency experts said that increase in foreign exchange reserves had helped the rupee to appreciate.

The liquid foreign exchange reserves of Pakistan have increased by $428 million to $15.518 billion by week ended November 01, 2019.

The foreign exchange reserves were at $15.089 billion by week ended October 25, 2019.
The reserves held by SBP increased by $443 million to $8.357 billion by week ended November 01, 2019 as compared with $7.914 billion in the preceding week.

The reserves held by commercial banks decreased by $15 million to $7.16 billion by week ended November 01, 2019 as compared with $7.715 billion a week ago.

The foreign currency market was initiated in the range of Rs155.53 and Rs155.56. The market recorded day high of Rs155.55 and low of Rs155.47 and ended at Rs155.47.

The exchange rate in open market also witnessed appreciation in rupee value. The buying and selling of dollar was recorded at Rs155.20/Rs155.50 from previous day’s closing of Rs155.30 and Rs155.60 in cash ready market.

KARACHI: The Pak Rupee maintained its gain against dollar on Thursday and further appreciated by four paisas in interbank foreign exchange market.

The rupee ended Rs155.55 to the dollar from previous day’s closing of Rs155.59 in interbank foreign exchange market.

Currency experts said that the lower demand for import payments and inflows of export receipts and remittances helped the rupee to appreciate.

The foreign currency market was initiated in the range between Rs155.60 and Rs155.55. The market recorded day high of Rs155.65 and low of Rs155.55 in interbank foreign exchange market.

The rupee gained 10 paisas against dollar so far this week started November 04, 2019.

The exchange rate in open market witnessed stable value of the rupee. The buying and selling of dollar was recorded at Rs155.30/Rs155.60, the same previous day’s closing level, in cash ready market.

KARACHI: The Pak Rupee gained six paisas against dollar on Wednesday owing to inflows of workers’ remittances and exports receipts, dealers said.

The rupee ended Rs155.59 to the dollar from previous day’s closing of Rs155.64 in interbank foreign exchange market.

Currency experts said that the local unit gained values on back of remittances and export receipts. They said that the demand for import and corporate payments was remained lackluster.

The foreign currency market was initiated in the range of Rs155.63 and Rs155.65. The market recorded day high of Rs155.65 and low of Rs155.59.

The exchange rate in open market witnessed no change in rupee value. The buying and selling of dollar was recorded at Rs155.30/Rs155.60, the same previous day’s level, in cash ready market.

KARACHI: The Pak Rupee ended firmer against the dollar on Tuesday amid inflows of foreign currency into the interbank market.

The rupee ended Rs155.64 to the dollar from previous day’s closing of Rs155.65 in interbank foreign exchange market.

Currency dealers said that the market witnessed sufficient supply of dollar into the market. However, demand for import and corporate payments were also higher.

The foreign currency market was opened in the range of Rs155.60 and Rs155.65. The market recorded day high of Rs155.65 and low of Rs155.55 and closed and Rs155.64.

The exchange rate in open market however witnessed appreciation in value of the local unit.

The buying and selling of dollar was recorded at Rs155.30/Rs155.60 from previous day’s closing of Rs155.45/Rs155.65 in cash ready market.

KARACHI: The Pak Rupee ended unchanged against dollar on Monday despite higher demand for import and corporate payments.

The rupee ended Rs155.65 to the dollar, the same closing level on last Friday, in Interbank Foreign Exchange Market.

Currency dealers said that the market was initiated with higher demand for the dollar due to two weekly holidays. However, later the rupee recovered to the previous level.

The foreign currency market was initiated in the range of Rs155.65 and Rs155.75. The market recorded day high of Rs155.67 and low of Rs155.65 and closed at Rs155.65.

The exchange rate in open market witnessed appreciation in rupee value. The buying and selling of dollar was recorded at Rs155.45/Rs155.65 from last Friday’s closing of Rs155.50/Rs155.80 in cash ready market.

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Rupee likely to maintain gaining momentum in next week

The Pakistani Rupee is anticipated to sustain its upward momentum in the coming week, buoyed by decreased import payment demands and improved inflows.

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KARACHI: The Pak Rupee gained two paisas on Friday despite higher demand for import and corporate payments.

The rupee ended at Rs155.65 to the dollar from previous day’s closing of Rs155.67 in interbank foreign exchange market.

Currency dealers said that the rupee was under pressure earlier in the day due to higher demand for import and corporate payments due to two weekly holidays. However, the sufficient inflows helped the rupee to gain two paisas at the market close.

The foreign currency market was initiated in the range of Rs155.77 and Rs155.80. The market recorded day high of Rs155.77 and low of Rs155.65 and close at Rs155.65.

The exchange rate in open market witnessed stable rupee value. The buying and selling of dollar was recorded at Rs155.50/Rs155.80, the same previous day’s level, in cash ready market.

KARACHI: The Pak Rupee gained another six paisas against dollar on Thursday owing to improved supply of the foreign currency in the market.

The rupee ended Rs155.67 to the dollar from previous day’s closing of Rs155.73 in interbank foreign exchange market.

Currency dealers said that the supply of the foreign currency helped the rupee to gain value at Rs155.60 to the dollar during the day. However, the demand from importers restricted the rupee to end at Rs155.67 to the dollar.

The foreign currency market was initiated in the range between Rs155.69 and Rs155.73. The market recorded day high of Rs155.75 and low of Rs155.60 and closed at Rs155.67 in interbank foreign exchange market.

The exchange rate in open market also witnessed appreciation in the rupee value. The buying and selling of the dollar was recorded at Rs155.50/Rs155.80 from previous day’s closing of Rs155.60/Rs155.90 in cash ready market.