Tag: US Dollar

Karachi, October 13, 2024 – The Pakistani rupee is forecasted to maintain stability against the US dollar in the coming week starting October 14, 2024, buoyed by adequate dollar supplies and a steady increase in foreign exchange reserves, currency dealers predict. Despite minor fluctuations this week, the rupee is expected to stay within its current range as demand for dollars is met by sufficient liquidity in the market.

Karachi, October 11, 2024 – The Pakistani rupee experienced a notable rebound on Friday, gaining 15 paisas against the US dollar, attributed to an increase in foreign inflows.

Karachi, October 10, 2024 – The Pakistani rupee witnessed a decline of 7 paisas against the US dollar on Thursday, driven by increased purchases of the foreign currency for import payments and corporate settlements. The rupee closed at PKR 277.79 per dollar in the interbank market, down from the previous day’s close of PKR 277.72.

Karachi, October 9, 2024 – The Pakistani rupee extended its losing streak for a third consecutive session against the US dollar on Wednesday, driven by a surge in demand for the foreign currency to meet import and corporate payment obligations.

Karachi, October 8, 2024 – The Pakistani rupee continued its downward trend, slipping slightly to PKR 277.67 against the US dollar by the close of the interbank foreign exchange market on Tuesday. This depreciation marked a minor decline of 3 paisas from the previous day’s closing rate of PKR 277.64.