Tag: US Dollar

Karachi, August 30, 2024 — The Pakistani rupee on Friday gained ground against the US dollar, recovering by 10 paisas, driven by an improvement in the country’s foreign exchange reserves. The rupee closed at PKR 278.54 per dollar in the interbank foreign exchange market, up from the previous day’s closing rate of PKR 278.64.

Karachi, August 29, 2024 – The Pakistani rupee faced renewed pressure on Thursday, succumbing to a 19-paisa decline against the US dollar. The weakening currency was primarily attributed to a surge in foreign payment demands, which outpaced inflows, highlighting the ongoing challenges faced by the country’s economy.

Karachi, August 28, 2024 – The US dollar gained ground against the Pakistani rupee on Wednesday, making a notable comeback in the interbank foreign exchange market with a 13 paisas increase. The rupee’s value depreciated, closing at PKR 278.45 per dollar, down from the previous day’s closing of PKR 278.32.

Karachi, August 27, 2024 – The Pakistani rupee recorded its second consecutive gain against the US dollar on Tuesday, closing at PKR 278.32 in the interbank foreign exchange market.

Karachi, August 26, 2024 – The Pakistani rupee appreciated on Monday, rising to PKR 278.42 against the US dollar, supported by improved foreign inflows and positive economic indicators. This marks a gain of 8 paisas from last Friday’s closing rate of PKR 278.50 in the interbank foreign exchange market.

Karachi, August 25, 2024 – The Pakistani rupee is likely to remain stable against the US dollar in the coming week starting August 26, 2024, due to balanced demand and supply conditions in the foreign exchange market.