Tag: US Dollar

Karachi, December 4, 2024 – The Pakistani rupee depreciated by 5 paisas against the US dollar on Wednesday, closing at PKR 277.92 to the dollar, compared to the previous day’s closing rate of PKR 277.87. This slight decline in the rupee’s value is primarily attributed to increased demand for the dollar, driven by outflows related to import payments and corporate obligations.

Karachi, December 3, 2024 – The Pakistani rupee gained ground in the interbank market on Tuesday, closing at PKR 277.87 against the US dollar. This marks an appreciation of 10 paisas from the previous day’s closing rate of PKR 277.97.

Karachi, December 2, 2024 – The Pakistani rupee demonstrated resilience in the interbank market on Monday, recovering by 8 paisas to settle at PKR 277.97 against the US dollar. This recovery follows a previous close at PKR 278.05 on Friday and reflects easing pressures on imports and fresh inflows of foreign currency.

The Pakistani rupee is anticipated to maintain stability against the US dollar in the short term as market participants closely monitor the State Bank of Pakistan’s (SBP) upcoming interest rate decision later this month.

Karachi, November 29, 2024 – The Pakistani rupee weakened marginally by one paisa against the US dollar, closing at PKR 278.05 in the interbank market on Friday. A day earlier, the rupee stood at PKR 278.04 per dollar.