Tag: US Dollar

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.

Karachi, November 15, 2024 – The Pakistani rupee continued its upward momentum, closing at PKR 277.67 against the US dollar in the interbank market on Friday. This marks a modest appreciation of 7 paisas from the previous day’s rate of PKR 277.74.

Karachi, November 14, 2024 – The Pakistani Rupee strengthened marginally against the US dollar on Wednesday, closing at PKR 277.74 in the interbank market, a slight improvement of 11 paisas from the previous day’s close of PKR 277.85.

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 […]