Tag: US Dollar

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.

Karachi, November 28, 2024 – The Pakistani rupee registered a slight decline on Thursday, ending at PKR 278.04 against the US dollar in the interbank foreign exchange market, a modest drop of 8 paisas compared to the previous day’s closing of PKR 277.96.

Karachi, November 27, 2024 – The Pakistani rupee slipped by 12 paisas on Wednesday, closing at PKR 277.96 against the US dollar, down from the previous day’s rate of PKR 277.84 in the interbank market. This slight depreciation comes amid a rebound in international oil prices, which continues to exert pressure on Pakistan’s economy.