Tag: US Dollar

Karachi, December 20, 2024 – The Pakistani rupee registered a slight decline of 7 paisas against the US dollar on Friday, closing at PKR 278.42 in the interbank foreign exchange market, down from the previous day’s rate of PKR 278.35. This decline occurred despite an increase in the country’s foreign exchange (forex) reserves.

Karachi, December 19, 2024 – The Pakistani rupee experienced a marginal depreciation of 12 paisas on Thursday, primarily driven by a surge in dollar demand for import settlements and corporate remittances as the year-end approaches.

Karachi, December 18, 2024 – On Wednesday, the Pakistani Rupee showed a slight but positive movement, reaching PKR 278.23 against the US dollar in the interbank foreign exchange market. This marked a modest gain of 4 paisas from the previous day’s closing of PKR 278.27 to the dollar, despite ongoing pressures stemming from strong import payment demands.

Karachi, December 17, 2024 – The Pakistani rupee weakened by 10 paisas on Tuesday, driven by increased dollar demand for import and corporate payments. The rupee closed at PKR 278.27 against the dollar in the interbank foreign exchange market, slightly down from the previous day’s closing of PKR 278.17.

Karachi, December 16, 2024 – The Pakistani rupee experienced a marginal decline of 5 paisas against the US dollar on Monday, closing at PKR 278.17 in the interbank foreign exchange market compared to Friday’s closing rate of PKR 278.12. Despite this minor dip, the rupee’s overall outlook remains stable, supported by positive economic indicators.