The buying and selling rates of the US Dollar (USD) against the Pakistani Rupee (PKR) remained relatively stable in the open market on May 01, 2022.
(more…)Tag: US Dollar
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Dollar gains six paisas against PKR in interbank
KARACHI: The US dollar gained six paisas against the Pakistan Rupee (PKR) on Saturday due to higher foreign currency demand on the last day before long holidays.
The exchange rate ended at Rs185.69 to the dollar from previous day’s closing of Rs185.63 in the interbank foreign exchange market.
READ MORE: Rupee gains 24 paisas to dollar in interbank
Currency experts said that the market had seen dollar demand for import and other external payments ahead holidays for Eid ul Fitr.
The government has announced holidays from May 02 to May 05, 2022 on account of Eid ul Fitr.
The rupee during the outgoing week made recovery owing to resumption of talks with the IMF.
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 appreciates 42 paisas against PKR
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 recovers third straight day 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.
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Pakistani Rupee to US Dollar on April 30, 2022
KARACHI: The exchange rates for the US dollar (USD) in Pakistani Rupee (PKR) in the open market on April 30, 2022, are as follows:
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Rupee gains 24 paisas to dollar in interbank
KARACHI: The Pakistan Rupee (PKR) gained 24 paisas against the dollar in interbank foreign exchange market on Friday owing to lackluster demand for import payments ahead of Eid holidays.
The exchange rate ended Rs185.63 to the dollar from previous day’s closing of Rs185.87 in the interbank foreign exchange market.
READ MORE: Dollar appreciates 42 paisas against PKR
Currency experts said that importers were cautious in making new orders due to Eid Holidays which are from May 02 to May 05, 2022.
The experts said that Eid related remittances also helped the rupee to make gain against the greenback. They said that overseas Pakistanis usually send additional amount to their loved ones for Eid related expenses.
READ MORE: Rupee recovers third straight day against dollar
The rupee during the outgoing week made recovery owing to resumption of talks with the IMF.
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.
Further, both the sides also agreed to remove unnecessary subsidy to ease burden on the government to spare funds for development projects.
READ MORE: Rupee recovers 43 paisas to dollar in interbank
The exchange rate is remained volatile during past one month due to uncertain political situation and massive decline in foreign exchange reserves.
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: Rupee gains 70 paisas to dollar on IMF talks
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.
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Pakistani Rupee to US Dollar on April 29, 2022
KARACHI: The exchange rates for the US Dollar (USD) in Pakistani Rupee (PKR) in the open market on April 29, 2022, are as follows:
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Dollar appreciates 42 paisas against PKR
KARACHI: Dollar made gain of 42 paisas against the Pakistan Rupee (PKR) on Thursday ending three days recovery streak of the local currency.
The exchange rate ended at Rs185.87 to the dollar from previous day’s closing of Rs185.45 in the interbank foreign exchange market.
READ MORE: Rupee recovers third straight day against dollar
Currency dealers said that the local currency was under pressure due to upcoming holidays of Eid ul Fitr and importers placing advance demand for foreign payments.
The rupee during the outgoing week made recovery owing to resumption of talks with the IMF.
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: Rupee recovers 43 paisas to dollar 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.
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: Rupee gains 70 paisas to dollar on IMF talks
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.
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Pakistani Rupee to US Dollar on April 28, 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 28, 2022:
Buying: Rs 185.50 to the US Dollar
Selling: Rs 186.50 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 12:20 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.
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Rupee recovers third straight day against dollar
KARACHI: Pakistan Rupee (PKR) has maintained recovery against the US dollar for third straight day on Wednesday following the positive outcome talks with the IMF.
The rupee recovered 17 paisas to end at Rs185.45 to the dollar from previous day’s closing of Rs185.62 in the interbank foreign exchange market.
READ MORE: Rupee recovers 43 paisas to dollar in interbank
It was straight third day the rupee made recovery against the greenback. The local unit recovered Rs1.30 against the foreign currency during these days.
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: Rupee gains 70 paisas to dollar on IMF talks
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: Dollar rebounds to PKR 186.75 in interbank
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: Rupee ends 4-day losing streak against dollar
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.
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Pakistani Rupee to US Dollar on April 27, 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 27, 2022:
Buying: Rs 186.00 to the US Dollar
Selling: Rs 187.25 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 10:20 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.
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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.