Pkrevenue.com

Tag: US Dollar

  • Rupee recovers 43 paisas to dollar in interbank

    Rupee recovers 43 paisas to dollar in interbank

    KARACHI: The Pakistan Rupee (PKR) recovered another 43 paisas against the US dollar on Tuesday owing to expected inflows of funds from various avenues.

    The rupee ended Rs185.62 to the dollar from previous day’s closing of Rs186.05 in the interbank foreign exchange market.

    READ MORE: Rupee gains 70 paisas to dollar on IMF talks

    It was straight second day the rupee made recovery against the greenback. The local unit recovered 70 paisas against the foreign currency a day earlier.

    Currency analysts attributed the appreciation in rupee value to recent talks of Pakistan’s new finance minister with the management of the IMF regarding initiation of stalled loan program.

    READ MORE: Dollar rebounds to PKR 186.75 in interbank

    Further, both the sides also agreed to remove unnecessary subsidy to ease burden on the government to spare funds for development projects.

    The exchange rate is remained volatile during past one month due to uncertain political situation and massive decline in foreign exchange reserves.

    READ MORE: Rupee ends 4-day losing streak against dollar

    The recent measures of the State Bank of Pakistan (SBP), including raising the key policy rate by 2.5 per cent, have failed to support the local currency.

    Previously, the rupee made significant recovery for seven consecutive trading sessions after the central bank announced a sharp increase in key policy rate.

    The SBP on April 07, 2022 announced 2.5 per cent increase in interest rate to enhance the key policy rate to 12.25 per cent from 9.75 per cent. The rupee was at all-time low PKR 188.18 to the dollar on the day of monetary policy announcement.

    READ MORE: Dollar ends near PKR 187 in interbank market

  • Pakistani Rupee to US Dollar on April 26, 2022

    Pakistani Rupee to US Dollar on April 26, 2022

    KARACHI: Following are the rates of buying and selling of one US dollar (USD) in Pakistani Rupee (PKR) in the open market on April 26, 2022:

    Buying: Rs 185.25 to the US Dollar

    Selling: Rs 187.00 to the US Dollar

    The buying rate means an exchange company or a bank buys foreign currency from a customer.

    The selling rate means an exchange company or a bank sells the foreign currency from a customer.

    The rate has been updated at 11:15 AM Pakistan Standard Time (PST).

    The US Dollar /PKR parity depends on open market rates, they are set by the market forces based on foreign currency demand.

    Disclaimer: Team PKRevenue.com provides the available rates of the open market, which are subject to change every hour. Team PKRevenue.com provides the available exchange rates at the time of posting the story. So the team is not responsible for any inaccuracy of the data.

    Pakistani Rupee to US Dollar on April 25, 2022
  • Pakistani Rupee to US Dollar on April 25, 2022

    Pakistani Rupee to US Dollar on April 25, 2022

    KARACHI: Following are the rates of buying and selling of one US dollar (USD) in Pakistani Rupee (PKR) in the open market on April 25, 2022:

    Buying: Rs 186.90 to the US Dollar

    Selling: Rs 188.50 to the US Dollar

    The buying rate means an exchange company or a bank buys foreign currency from a customer.

    The selling rate means an exchange company or a bank sells the foreign currency from a customer.

    The rate has been updated at 10:35 AM Pakistan Standard Time (PST).

    The US Dollar /PKR parity depends on open market rates, they are set by the market forces based on foreign currency demand.

    Disclaimer: Team PKRevenue.com provides the available rates of the open market, which are subject to change every hour. Team PKRevenue.com provides the available exchange rates at the time of posting the story. So the team is not responsible for any inaccuracy of the data.

    Pakistani Rupee to US Dollar on April 24, 2022
  • Pakistani Rupee to US Dollar on April 24, 2022

    Pakistani Rupee to US Dollar on April 24, 2022

    KARACHI: Following are the rates of buying and selling of one US dollar (USD) in Pakistani Rupee (PKR) in the open market on April 24, 2022:

    Buying: Rs 186.90 to the US Dollar

    Selling: Rs 188.50 to the US Dollar

    The buying rate means an exchange company or a bank buys foreign currency from a customer.

    The selling rate means an exchange company or a bank sells the foreign currency from a customer.

    The rate has been updated at 12:10 PM Pakistan Standard Time (PST).

    The US Dollar /PKR parity depends on open market rates, they are set by the market forces based on foreign currency demand.

    Disclaimer: Team PKRevenue.com provides the available rates of the open market, which are subject to change every hour. Team PKRevenue.com provides the available exchange rates at the time of posting the story. So the team is not responsible for any inaccuracy of the data.

    Pakistani Rupee to US Dollar on April 22, 2022
  • Dollar rebounds to PKR 186.75 in interbank

    Dollar rebounds to PKR 186.75 in interbank

    KARACHI: The US dollar rebounded against the Pakistan Rupee (PKR) on Saturday to reach 186.75 in the interbank foreign exchange market.

    The local unit lost five paisas against the dollar to end at Rs186.75 from previous day’s closing of Rs186.70 in the interbank foreign exchange market.

    READ MORE: Rupee ends 4-day losing streak against dollar

    Currency analysts said that advance dollar buying was seen due to weekly holiday next day.

    The analysts said that exchange rate was under immense pressure due to falling foreign exchange reserves and mounting dollar demand for import payments.

    Although the State Bank of Pakistan (SBP) recently took measures through enhancing policy rate aggressively but all in vain.

    READ MORE: Dollar ends near PKR 187 in interbank market

    The recent measures of the State Bank of Pakistan (SBP), including raising the key policy rate by 2.5 per cent, have failed to support the local currency.

    Previously, the rupee made significant recovery for seven consecutive trading sessions after the central bank announced a sharp increase in key policy rate.

    The SBP on April 07, 2022 announced 2.5 per cent increase in interest rate to enhance the key policy rate to 12.25 per cent from 9.75 per cent. The rupee was at all-time low PKR 188.18 to the dollar on the day of monetary policy announcement.

    READ MORE: Rupee falls Rs4.37 to dollar in fresh wave

    However, following the announcement the rupee rallied for seven straight days and recovered PKR 6.63 against the dollar.

    The appreciation in dollar value may be attributed to the further depletion in foreign exchange reserves of the county.

    Pakistan’s foreign exchange reserves hit a 22-month low after falling for nine consecutive weeks to $17.03 billion.

    However, Pakistan’s foreign exchange reserves inched up by $17 million to $17.045 billion by week ended April 16, 2022. The foreign exchange reserves of the country were at $17.028 billion a week ago.

    READ MORE: Dollar climbs up to Rs184.44 at interbank closing

    The official foreign exchange reserves of the State Bank also improved by $36 million to $10.886 billion by the week ended April 16, 2022 as compared with $10.85 billion a week ago.

    The foreign exchange held by commercial banks, however, fell by $19 to $6.157 billion by week ended April 16, 2022 as compared with $6.178 billion a week ago.

    Pakistan’s foreign exchange reserves have declined by around $10 billion in the past seven months owing to extreme pressure of dollar demand for import payments and external repayment of government debt.

    The country’s foreign exchange reserves hit an all-time high of $27.228 billion on August 27, 2021.

  • Rupee ends 4-day losing streak against dollar

    Rupee ends 4-day losing streak against dollar

    KARACHI: The Pak Rupee (PKR) ended four-day losing streak against the dollar on Friday and recovered 27 paisas in the interbank foreign exchange market.

    The rupee ended Rs186.70 to the dollar from the previous day’s closing of Rs186.97 in the interbank foreign exchange market.

    READ MORE: Dollar ends near PKR 187 in interbank market

    Currency analysts said that inflows of remittances related to Eid festival helped the rupee to make recovery against the dollar.

    Further, foreign exchange reserves after many weeks showed a slight increase has also helped the rupee to make gains.

    READ MORE: Rupee falls Rs4.37 to dollar in fresh wave

    The rupee witnessed a continuous decline against the dollar during April 18 to April 21. The depreciation in local currency may be attributed to a significant fall in foreign exchange reserves.

    READ MORE: Dollar climbs up to Rs184.44 at interbank closing

  • Pakistani Rupee to US Dollar on April 22, 2022

    Pakistani Rupee to US Dollar on April 22, 2022

    KARACHI: Following are the rates of buying and selling of one US dollar (USD) in Pakistani Rupee (PKR) in the open market on April 22, 2022:

    Buying: Rs 187.00 to the US Dollar

    Selling: Rs 189.00 to the US Dollar

    The buying rate means an exchange company or a bank buys foreign currency from a customer.

    The selling rate means an exchange company or a bank sells the foreign currency from a customer.

    The rate has been updated at 06:02 AM Pakistan Standard Time (PST).

    The US Dollar /PKR parity depends on open market rates, they are set by the market forces based on foreign currency demand.

    Disclaimer: Team PKRevenue.com provides the available rates of the open market, which are subject to change every hour. Team PKRevenue.com provides the available exchange rates at the time of posting the story. So the team is not responsible for any inaccuracy of the data.

    Pakistani Rupee to US Dollar on April 21, 2022
  • Dollar ends near PKR 187 in interbank market

    Dollar ends near PKR 187 in interbank market

    KARACHI: The US dollar continued to make gain against the Pakistan Rupee (PKR) on Thursday and ended near PKR 187 in interbank foreign exchange market.

    The exchange rate witnessed a decline PKR 1.05 in rupee value to close at PKR 186.97 to the dollar from previous day’s closing of PKR 185.92 in interbank foreign exchange market.

    READ MORE: Rupee falls Rs4.37 to dollar in fresh wave

    The dollar continued to make gain for the last four trading sessions. The greenback stronger by PKR 5.42 since April 16, 2022 when the exchange rate was PKR 181.55.

    It is pertinent to mention that the local currency made this recovery after touching all-time low at PKR 188.18 on April 07, 2022.

    The fresh wave of rupee depreciation has been attributed to import and external debt payments.

    The recent measures of the State Bank of Pakistan (SBP), including raising the key policy rate by 2.5 per cent, have failed to support the local currency.

    READ MORE: Dollar climbs up to Rs184.44 at interbank closing

    Previously, the rupee made significant recovery for seven consecutive trading sessions after the central bank announced a sharp increase in key policy rate.

    The SBP on April 07, 2022 announced 2.5 per cent increase in interest rate to enhance the key policy rate to 12.25 per cent from 9.75 per cent. The rupee was at all-time low PKR 188.18 to the dollar on the day of monetary policy announcement.

    However, following the announcement the rupee rallied for seven straight days and recovered PKR 6.63 against the dollar.

    READ MORE: Dollar ends PKR recovery spree; closes at Rs182.54

    The appreciation in dollar value may be attributed to the further depletion in foreign exchange reserves of the county.

    Pakistan’s foreign exchange reserves hit a 22-month low after falling for nine consecutive weeks to $17.03 billion.

    According to data released by the State Bank of Pakistan (SBP), the foreign exchange reserves of the country fell by $449 million to $17.028 billion by week ended April 08, 2022 as compared with $17.477 billion a week ago.

    READ MORE: Dollar plummets against PKR for seven consecutive days

    The foreign exchange reserves were at $17.971 billion by week ended June 26, 2020.

    Pakistan’s foreign exchange reserves have declined by $10.23 billion in the past seven months owing to extreme pressure of dollar demand for import payments and external repayment of government debt.

  • Pakistani Rupee to US Dollar on April 21, 2022

    Pakistani Rupee to US Dollar on April 21, 2022

    KARACHI: Following are the rates of buying and selling of one US dollar (USD) in Pakistani Rupee (PKR) in the open market on April 21, 2022:

    Buying: Rs 183.60 to the US Dollar

    Selling: Rs 185.30 to the US Dollar

    The buying rate means an exchange company or a bank buys foreign currency from a customer.

    The selling rate means an exchange company or a bank sells the foreign currency from a customer.

    The rate has been updated at 05:40 AM Pakistan Standard Time (PST).

    The US Dollar /PKR parity depends on open market rates, they are set by the market forces based on foreign currency demand.

    Disclaimer: Team PKRevenue.com provides the available rates of the open market, which are subject to change every hour. Team PKRevenue.com provides the available exchange rates at the time of posting the story. So the team is not responsible for any inaccuracy of the data.

    Pakistani Rupee to US Dollar on April 20, 2022
  • Rupee falls Rs4.37 to dollar in fresh wave

    Rupee falls Rs4.37 to dollar in fresh wave

    KARACHI: The Pakistan Rupee (PKR) has lost Rs4.37 to the dollar during last three straight days on Wednesday.

    The rupee fell by Rs1.48 to the dollar on Wednesday to close at Rs185.92 as compared with previous day’s closing of Rs184.44 in the interbank foreign exchange market.

    READ MORE: Dollar climbs up to Rs184.44 at interbank closing

    The rupee lost around Rs4.37 against the dollar during past three trading sessions after making a sharp recovery to Rs181.55 on April 16, 2022. It is pertinent to mention that the local currency made this recovery after touching all-time low at Rs188.18 on April 07, 2022.

    The fresh wave of rupee depreciation has been attributed to import and external debt payments.

    The recent measures of the State Bank of Pakistan (SBP), including raising the key policy rate by 2.5 per cent, have failed to support the local currency.

    Previously, the rupee made significant recovery for seven consecutive trading sessions after the central bank announced a sharp increase in key policy rate.

    READ MORE: Dollar ends PKR recovery spree; closes at Rs182.54

    The SBP on April 07, 2022 announced 2.5 per cent increase in interest rate to enhance the key policy rate to 12.25 per cent from 9.75 per cent. The rupee was at all-time low Rs188.18 to the dollar on the day of monetary policy announcement.

    However, following the announcement the rupee rallied for seven straight days and recovered Rs6.63 against the dollar.

    The appreciation in dollar value may be attributed to the further depletion in foreign exchange reserves of the county.

    Pakistan’s foreign exchange reserves hit a 22-month low after falling for nine consecutive weeks to $17.03 billion.

    READ MORE: Dollar plummets against PKR for seven consecutive days

    According to data released by the State Bank of Pakistan (SBP), the foreign exchange reserves of the country fell by $449 million to $17.028 billion by week ended April 08, 2022 as compared with $17.477 billion a week ago.

    The foreign exchange reserves were at $17.971 billion by week ended June 26, 2020.

    Pakistan’s foreign exchange reserves have declined by $10.23 billion in the past seven months owing to extreme pressure of dollar demand for import payments and external repayment of government debt.

    READ MORE: Dollar retreats for 6th straight day; falls to Rs181.58