Tag: US Dollar

Karachi, November 21, 2024 – After three consecutive days of losses, the Pakistani rupee regained 8 paisas against the US dollar on Thursday, closing at PKR 277.96 in the interbank market compared to the previous day’s rate of PKR 278.04.

Karachi, November 20, 2024 – The Pakistani rupee extended its downward trend on Wednesday, closing at PKR 278.04 against the US dollar in the interbank market, marking a 9-paisa depreciation from the previous day’s closing.

Karachi, November 19, 2024 – The Pakistani rupee extended its losing streak on Tuesday, closing at PKR 277.95 against the US dollar in the interbank market, down by 9 paisas from Monday’s close of PKR 277.86.

Karachi, November 18, 2024 – The Pakistani rupee depreciated against the US dollar on Monday, reaching PKR 277.86, driven by heightened foreign currency demand primarily for import payments. The rupee lost 19 paisas compared to last Friday’s closing rate of PKR 277.67 in the interbank foreign exchange market.

The Pakistani rupee is anticipated to remain stable and trade within a range in the upcoming week, supported by improved dollar inflows and market optimism following the conclusion of discussions with the International Monetary Fund (IMF) on its $7 billion loan program.