Tag: Pak Rupee

KARACHI: The Pak Rupee continued to make recovery and gained 18 paisas against dollar on Monday owing to inflows under home remittances for Eid related expenses.

The rupee ended Rs158.94 to the dollar as compared with Rs159.12 in interbank foreign exchange market.

The rupee started recovery against the dollar during the last week and continued on the start of current week. The rupee has gained around Rs1.59 to the dollar during the past six consecutive sessions.

The foreign currency market was initiated in the range of Rs159.10 and Rs159.15. The market recorded day high o Rs159.10 and low of Rs158.94 and closed at Rs158.95.

The exchange rate in open market also witnessed recovery in rupee value. The buying and selling of dollar was recorded at Rs157.80/Rs158.80 from last Friday’s closing of Rs158.40/Rs159.40 in cash ready market.

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Eid related inflow helps rupee to gain

KARACHI: The Pak Rupee gained 30 paisas against dollar on Friday as overseas Pakistanis were sending remittances to their relatives for Eid related expenses.

The rupee closed at Rs159.12 to the dollar from previous day’s closing of Rs159.42 in interbank foreign exchange market.

The local currency recovered around Rs1.47 against the dollar during past five consecutive days.

The foreign currency market was initiated in the range of Rs159.45 and Rs159.55. The market recorded day high of Rs159.55 and low of Rs159.08 and closed at Rs159.12.

The exchange rate in open market also witnessed gain of 20 paisas in the rupee value. The buying and selling of dollar was recorded at Rs158.40/Rs159.40 from previous day’s closing of Rs158.60/Rs159.60 in cash ready market.

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Rupee gains 18 paisas in interbank market

KARACHI: The Pak Rupee gained 18 paisas against dollar on Thursday owing to improved inflows of foreign remittances and export receipts.

The rupee closed at Rs159.42 to the dollar from previous day’s closing of Rs159.60 in interbank foreign exchange market.

The foreign currency market was initiated in the range of Rs159.60 and Rs159.68. The market recorded day high of Rs159.60 and low of Rs159.35 and closed at Rs159.42.

The exchange rate in open market also witnessed gain in the rupee value. The buying and selling of dollar was recorded at Rs158.60/Rs159.60 from previous day’s closing of Rs159.00/Rs160.00 in cash ready market.

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Rupee gains 46 paisas in interbank market

The Pak Rupee made notable progress against the US Dollar on Wednesday, appreciating by 46 paisas amid improved inflows of remittances sent by overseas Pakistanis. This positive movement reflects the currency’s resilience in the interbank foreign exchange market.

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KARACHI: The Pak Rupee gained 39 paisas against dollar on Tuesday owing to improved inflows of export receipts and home remittances.

The rupee ended Rs160.06 to the dollar as compared with the previous day’s closing of Rs160.45 in interbank foreign exchange market.

Currency experts said that the improved inflows of export receipts and home remittances helped the rupee to recover value against the greenback.

The foreign exchange market was initiated in the range of Rs160.45 and Rs160.55. The market recorded day high of Rs160.59 and low of Rs160.00.

The exchange rate in open market also witnessed improvement in rupee value. The buying and selling of dollar was recorded at Rs159.00/160.00 from previous day’s closing of Rs160.00/Rs160.50 in cash ready market.

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Rupee gains 14 paisas in interbank market

KARACHI: The Pak Rupee 14 paisas against dollar on Monday owing to improved sentiments following approval of the US support.

The rupee ended Rs160.45 to the dollar from last Friday’s closing of Rs160.59 in interbank foreign exchange market.

The foreign currency market was initiated in the range of Rs160.45 and Rs160.60. The market recorded day high of Rs160.59 and low of Rs160.40 in interbank foreign exchange market.

Currency experts said that improved sentiments helped the rupee to gain the value. The US administration last week approved support to sale fighter jet to Pakistan after the successful visit of Prime Minister Imran Khan.

The exchange rate in open market witnessed no change in rupee value. The buying and selling of dollar was recorded at Rs160.00/Rs160.50, the same previous value, in cash ready market.

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Rupee ends down by 14 paisas in interbank market

KARACHI: The Pak Rupee ended down by 14 paisas against dollar on Friday owing to advance payments ahead of weekly holidays.

The rupee closed at Rs160.59 to the dollar from previous day’s closing of Rs160.45 in interbank foreign exchange market.

The foreign currency market was initiated in the range of Rs160.50 and Rs160.60. The market recorded day high of Rs160.60 and low of Rs160.50 and closed at Rs160.59 in interbank foreign exchange market.

Currency experts said that the rupee was under pressure due to higher demand for import and corporate payments ahead of two weekly holidays.

The exchange rate in open market, however, witnessed gain in rupee value. The buying and selling of dollar was recorded at Rs160.00/Rs160.50 from previous day’s closing of Rs160.20/Rs160.70 in cash ready market.

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Rupee gains 33 paisas in interbank market

KARACHI: The Pak Rupee gained 33 paisas against dollar on Thursday owing to positive sentiments prevailed following successful visit of the US by Prime Minister Imran Khan.

The rupee ended Rs160.45 to the dollar from previous day’s closing of Rs160.78 in interbank foreign exchange market.

The foreign currency market was initiated in the range of Rs160.45 and Rs160.75 in interbank foreign exchange market. The market recorded day high of Rs160.70 and low of Rs160.45 in interbank foreign exchange market.

Currency experts said that the local unit may under pressure in coming days due to higher import and corporate payments.

The exchange rate in open market also witnessed appreciated in rupee value. The buying and selling of dollar was recorded at Rs160.20/Rs160.70 as compared with previous day’s closing of Rs160.30/Rs160.80 in cash ready market.

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Rupee falls by 19 paisas in interbank market

KARACHI: The Pak Rupee fell by 19 paisas against dollar on Wednesday owing to higher demand for import and corporate payments.

The rupee ended at Rs160.78 to the dollar from previous day’s closing of Rs160.59 in interbank foreign exchange market.

The foreign currency market was initiated in the range of Rs160.50 and Rs160.75. The market recorded day high of Rs160.90 and low of Rs160.75 and ended at Rs160.78 in interbank foreign exchange market.

Currency experts said that the rupee was under pressure due to higher corporate demands as multinational companies were set to announce their financial results and repatriate their profit in dollar term.

The exchange rate in open market also witnessed depreciation in rupee value. The buying and selling of dollar was recorded at Rs159.90/Rs160.90 from previous day’s closing of Rs159.60/Rs160.60 in cash ready market.

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Rupee ends down by six paisas in interbank market

KARACHI: The Pak Rupee ended down by six paisas against dollar on Tuesday amid demand from importer and corporate sector for the foreign currency.

The rupee ended at Rs160.59 to the dollar from previous day’s closing of Rs160.53 in interbank foreign exchange market.

The foreign currency market was initiated in the range of Rs160.35 and Rs160.50. The market recorded day high of Rs160.65 and low of Rs160.15 in interbank foreign exchange market.

Currency experts said that the local currency was under pressure due to scheduled payments for foreign debts and higher demand for import payments.

The exchange rate in open market witnessed appreciation in rupee value. The buying and selling of dollar was recorded at Rs159.60/Rs160.60 from previous day’s closing of Rs160.20/Rs160.70 in cash ready market.

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Rupee falls by 34 paisas in interbank market