Tag: US Dollar

Karachi, August 19, 2024 – The Pakistani rupee gained 10 paisas against the US dollar on Monday, closing at PKR 278.44 in the interbank foreign exchange market, up from last Friday’s close of PKR 278.54. This modest appreciation is attributed to improved inflows from exports and remittances, alongside a narrowing current account deficit.

Karachi, August 18, 2024 – The Pakistani rupee is expected to maintain its stability against the US dollar in the coming week, buoyed by ample foreign exchange reserves and positive economic trends, according to analysts and currency dealers.

Karachi, August 16, 2024 – The Pakistani Rupee gained 16 paisas against the US dollar on Friday, reflecting a positive turn in the country’s economic outlook due to an improvement in foreign exchange reserves.

Karachi, August 15, 2024 – The Pakistani Rupee remained steady on Thursday, closing at PKR 278.70 against the US dollar in the interbank foreign exchange market. The currency showed resilience despite the market reopening after a public holiday.

Karachi, August 12, 2024 – The Pakistani Rupee experienced a slight decline on Monday, slipping 9 paisas to settle at PKR 278.64 against the US dollar by the close of trading on the interbank foreign exchange market.

KARACHI – Currency dealers are forecasting a stable outlook for the Pakistani rupee in the upcoming week, primarily due to a balanced supply and demand of the US dollar. The market has seen no significant triggers that could lead to volatility. This week, the rupee exhibited minimal fluctuations, with the interbank rate closing at PKR 278.63 per USD on Friday.

Karachi, August 9, 2024 – The Pakistani Rupee strengthened against the US Dollar on Friday, closing at PKR 278.55 in the interbank market, marking an appreciation of 14 paisas from the previous day’s rate of PKR 278.69.