Tag: US Dollar

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.

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

KARACHI: The US dollar made a sharp gain against the Pakistan Rupee (PKR) to reach Rs186 during midday trading at interbank foreign exchange market.

The dollar gained around Rs1.56 to reach Rs186 during the midday trading against the last day’s closing of Rs184.44 in the interbank foreign exchange market.

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

Currency analysts said that due to import and external debt payments the local currency was under severe pressure.

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.

The fresh wave of rupee depreciation may be attributed to higher demand of the foreign currency for external debt repayment.

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

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 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.

READ MORE: Dollar plummets against PKR for seven consecutive days

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 retreats for 6th straight day; falls to Rs181.58

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.

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

READ MORE: Rupee up 13 paisas to continue recovery against dollar

KARACHI: The Pakistan Rupee (PKR) fell sharply against the dollar on Tuesday and ended at Rs184.44 in the interbank foreign exchange market.

The local currency fell by Rs1.9 to end at Rs184.44 to the dollar from previous day’s closing of Rs182.54 in the interbank foreign exchange market.

It was second straight day when the rupee declined sharply against the greenback. The local currency deteriorated by Rs2.89 against the dollar.

The fresh wave of rupee depreciation may be attributed to higher demand of the foreign currency for external debt repayment.

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.

READ MORE: Dollar plummets against PKR for seven consecutive days

The rebound in dollar value on Monday 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 retreats for 6th straight day; falls to Rs181.58

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.

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

READ MORE: Rupee up 13 paisas to continue recovery against dollar

KARACHI: The Pakistan Rupee (PKR) fell sharply by Rs2.26 against the US dollar on Tuesday during midday trading at interbank foreign exchange market.

The dollar is currently trading at Rs184.80 from last day’s closing of Rs182.54 in interbank foreign exchange market.

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

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 Rs188.18 to the dollar on the day of monetary policy announcement.

READ MORE: Dollar plummets against PKR for seven consecutive days

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

The rebound in dollar value on Monday 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 retreats for 6th straight day; falls to Rs181.58

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.

READ MORE: Rupee up 13 paisas to continue recovery against dollar

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.

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

KARACHI: The US dollar on Monday ended gaining spree of the Pakistan Rupee (PKR) and rebounded with a gain of 99 paisas.

The rupee ended Rs182.54 to the dollar from previous last Saturday’s closing of Rs181.55 in the interbank foreign exchange market.

READ MORE: Dollar plummets against PKR for seven consecutive days

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 Rs188.18 to the dollar on the day of monetary policy announcement.

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

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

The rebound in dollar value on Monday 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: Rupee up 13 paisas to continue recovery against dollar

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.

READ MORE: Rupee continues recovery to dollar for 4th straight day

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.

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