Tag: US Dollar

Karachi, November 13, 2024 – The Pakistani rupee showed slight improvement in the interbank market on Wednesday, gaining 8 paisas against the US dollar. The rupee ended at PKR 277.85 to the dollar, up from the previous day’s closing of PKR 277.93, as remittance inflows and strong export receipts bolstered the local currency.

Karachi, November 12, 2024 – The Pakistani rupee experienced further depreciation against the US dollar on Tuesday, closing at PKR 277.93 in the interbank market. This marks a second consecutive day of losses, with the rupee slipping by 7 paisas from the prior day’s close of PKR 277.86. The currency’s weakening trajectory reflects sustained demand for dollars as businesses resume financial transactions following the weekend.

Karachi, November 11, 2024 – The Pakistani rupee slipped by 12 paisas against the US dollar on Monday, closing at PKR 277.86 in the interbank foreign exchange market, down from Friday’s closing of PKR 277.74. This slight depreciation was primarily attributed to increased demand for the dollar to meet import and corporate payment obligations at the start of the week.

The Pakistani rupee is expected to stay stable against the U.S. dollar next week, starting November 11, 2024, as it benefits from a steady increase in remittance inflows and foreign exchange reserves, currency dealers say.