Islamabad: The exchange rate of the Pakistani rupee strengthened by Rs. 2.96 against the US dollar in the interbank trading on Wednesday and closed at Rs. 273.32 against the previous day's closing of Rs. 276.28. According to the Forex Association of Pakistan (FAP), the buying and selling rates of dollars in the open market were recorded at Rs. 277 and Rs. 280 respectively.
Karachi: On October 28, the Pakistani Rupee registered losses for the third consecutive session against the US dollar. The local currency depreciated Rs. 0.97 or 0.44% against the greenback and closed at Rs222.47 in the interbank market. A day earlier, the local unit closed at Rs. 220.68 after depreciating Rs. 0.95, or 0.43%.
On Tuesday, the Pakistani rupee (PKR) gained 68 paise against the US dollar in the interbank market. Analysts indicated this change to expected inflows of $1.5 billion after Pakistan signed a loan agreement with the ADB. The State Bank of Pakistan said the local currency closed at Rs219.73 per dollar, an appreciation of 68 paise or 0.31 per cent over yesterday’s close of Rs220.41.
On Wednesday, the Pakistani rupee continued to extend its losses. It fell by Rs1.17 against the dollar during interbank trade. According to the State Bank of Pakistan (SBP), the PKR closed at Rs220.88 as compared to yesterday’s close of Rs219.71.
Karachi: Pakistan's rupee once again registered a decline on Friday, depreciating 0.02% against the US dollar in the interbank market. According to the State Bank of Pakistan (SBP), the rupee closed at 218.43 after depreciating Rs0.05 against the greenback.
Karachi: The government's warning to reign in currency speculation again pushed down the US dollar's slide against the Pakistani rupee for the sixth consecutive session on Friday. Right after taking charge of the finance ministry earlier this week, Senator Ishaq Dar said that no one would be permitted to manipulate the foreign exchange market. The new finance czar also claimed that the value of the local unit was undervalued and he would seek to control inflation by lowering the interest rates.
On Tuesday, the Pakistani rupee gained further ground as the US dollar continued its declining trend for the third consecutive session. The dollar lost Rs3.11 against the rupee and closed at Rs233.91 in the interbank market. The dollar has so far shed Rs5.15 in the interbank market, only two days into the trade week.
Karachi: The Pakistani rupee fell to a record low against the US dollar on Monday, breaching threshold of 245 against the greenback in the open market. With a fresh decline of Rs4.40, the local currency closed at Rs245.40 against the greenback in the open market. Meanwhile, according to data released by the State Bank of Pakistan (SBP), the rupee closed at 237.91 after losing Rs1.07 (or 0.45%) as it inches closer to an all-time low of 239.94 hit on July 28.
Karachi: The Pakistani rupee's downfall against the US dollar continued for the fifth consecutive session on Thursday. The local currency closed at 225.42 after losing 2 in the interbank market, down in value from the previous session's close of 223.42. According to the State Bank of Pakistan (SBP), the rupee has cumulatively lost around 6.82 against the dollar since this week's trade began.
Karachi: On Friday, the Pakistani rupee's free fall continued against the US dollar as the local unit remained under pressure in the interbank market due to wide-ranging factors. Following its week-long depreciation trend, the rupee closed at 220.6 against the dollar after losing 1.25 from yesterday's close of 219.41.
Karachi: The Pakistani rupee on Friday once again resumed its recovery trend against the US dollar in the interbank market. The local currency closed at Rs214.65 against the greenback in the interbank market after gaining 0.14%, data released by the State Bank of Pakistan (SBP) showed.
The Pakistani rupee proceeded with its recovery against the US dollar on Thursday. The local currency registered gains against the greenback for the eighth consecutive session. The US dollar depreciated by Rs3.03, or 1.38%, to close at Rs218.88 in the interbank market.
Karachi: On Thursday, the Pakistani rupee continued to gain territory against the US dollar for the fifth straight session. The rupee appreciated 2.65 or 1.17% against the dollar to reach 226.15, down from Wednesday's close of Rs228.80. The rupee gained sharply a day earlier, as the dollar fell by 9.8 or 4.19%.
Karachi: The Pakistani rupee recorded its highest single-day gain against the US dollar. During Wednesday's trade, the dollar lost Rs9.58 and closed at Rs228.80 against the rupee, down from 238.38 from Tuesday's close in the interbank. In a major development, the dollar slumped 4.19% against the rupee, the highest since November 2, 1998, when the greenback fell by Rs5.10.
Karachi: The Pakistani rupee plunged to a new low on Thursday while proceeding with its downward spiral against the US dollar. Data released by the State Bank of Pakistan (SBP) showed that the local unit closed at a historic low of 239.94 against the US dollar — surpassing its last day low of 236.02 after devaluing by Rs3.92, or Rs1.63% today.
Karachi: On Wednesday, gold price in Pakistan dropped by Rs1,200 per tola in Pakistan despite rupee depreciation. According to the All Sindh Sarafa Jewellers Association (ASSJA), gold prices in the local bullion market dropped by Rs1,200 per tola to reach Rs144,000, while the price of 10 grams of gold decreased by Rs1,028 to reach Rs123,457. A day earlier, the precious metal closed at Rs145,200 per tola and Rs124,485 per 10 grams.
Karachi: The State Bank of Pakistan (SBP) on Tuesday reversed its uptrend as the local currency lost Rs2.38 due to renewed uncertainty regarding the renewal of the International Monetary Fund (IMF) programme. According to the State Bank of Pakistan (SBP), the local currency closed at Rs206.94 against the US dollar in the interbank market, after a fresh decline of Rs2.38, or 1.15%. Despite clarity from Finance Minister Miftah Ismail regarding the IMF programme being on track, investors remained concerned about the delay in the revival.
Karachi: The Pakistani rupee remained highly volatile and continued its losing streak against the US dollar on Tuesday. It lost Rs2 in the interbank market despite Finance Minister Miftah Ismail assuring that the International Monetary Fund (IMF) program would be revived within the next two days. According to the State Bank of Pakistan (SBP), the US dollar closed at Rs211.48, after appreciating Rs2, or 0.72%, against Monday's record high of Rs209.96.
Karachi: On Monday, the Pakistani rupee plunged further and crossed the 210 threshold against the US dollar in the interbank market for the first time. The domestic currency closed at Rs209.96 against the greenback in the interbank market after losing Rs1.21, or 0.65%, according to the State Bank of Pakistan (SBP). This is the seventh consecutive working day of free-fall in the rupee, losing approximately Rs6, or over 3%, to date.
The dollar proceeded with its ascent against the Pakistani Rupee on Friday, climbing to Rs209 in interbank trade. The greenback was trading at Rs209 on Friday afternoon (12:28 pm), according to the Forex Association of Pakistan. On Thursday, the State Bank of Pakistan (SBP) said that the local currency recorded a decrease of Rs1.21 (or 0.58%) as it hit Rs207.67.
Karachi: The dollar continued to rise against the Pakistan rupee and zoomed past Rs207 in interbank trade on Thursday. According to the State Bank of Pakistan (SBP), the local currency recorded a decrease of Rs1.21 (or 0.58%) as it hit Rs207.67. On Wednesday, the local currency shed Rs1.3 (or 0.63%) against the greenback to close at Rs206.46.
Karachi: On Wednesday, the Pakistani rupee continued its downward slide against the US dollar as it depreciated over Re1 in the interbank market. According to the State Bank of Pakistan (SBP), the local currency shed Rs1.3 (or 0.63%) against the greenback to close at Rs206.46. A day earlier, the Pakistani rupee closed at Rs205.16.
Karachi: On June 13, the Pakistani rupee continued its downward slide against the US dollar as it broke all previous records by dropping to an all-time low of 203.86 in the interbank market. With a fresh decline of Rs1.51 (or 0.74%), the local currency closed at Rs203.86 against the greenback in the interbank market. It has surpassed its previous record low of Rs202.83 recorded on June 7.
Karachi: On Wednesday, the Pakistani rupee recovered partially and closed at 201.52 against the US dollar in the interbank market. According to data released by the State Bank of Pakistan (SBP), the local currency progressed Rs1.31, or 0.64%, against the greenback. AA Commodities Director, Adnan Agar, stated that the market sentiment was negative due to uncertainty regarding the persistent financial crisis.
Karachi: On May 25, the Pakistani rupee dropped to a historic low of Rs201.92 against the US dollar as an ongoing political crisis lessened confidence in the currency. According to data released by the State Bank of Pakistan (SBP), the local currency shed 0.25% against the greenback today. The ongoing political drama in the wake of PTI’s ‘Azadi March’ also added fuel to the freefall of the local currency.
The US dollar rose against the rupee for the sixth straight session on Tuesday, breaking above the Rs196 barrier in interbank trade, an all-time high, owing to the country's depleted foreign exchange reserves and heavy imports. The greenback rose to Rs196.50 about 1:00pm, up Rs1.90 from the previous day's close of Rs194.60, according to the Forex Association of Pakistan (FAP).
The Pakistani rupee has been on a downward trend for the past several days, crossing Rs193 against the US dollar on Friday, amid rapid depletion of foreign exchange reserves and concern over the renewal of the IMF programme. After losing Rs1.23 in intraday trading on Friday, the currency was trading at Rs193. Since Monday, the euro has lost approximately 3% in the last five sessions.
Karachi: After a bleak month, the rupee finally made a comeback against the dollar on Friday, closing at Rs185.9 in the interbank market. This development is largely associated with the Supreme Court's decision to restore the National Assembly as well as the central bank's decision to increase the policy rate by 2.5 percent. According to the Forex Association of Pakistan (FAP), the greenback devalued by Rs2.28 over Thursday's close of Rs188.18 when it had reached an all-time high.
Karachi: Contrary to the prevailing trend during the week, the Pakistani currency earned 0.19% against the US dollar on the last trading day of the week. The local currency settled at Rs177.50 against the greenback compared to its last close of Rs177.83 against the US currency a day earlier. After posting a fresh increase of 0.19%, the Pakistani rupee has depreciated by 12.66% (or Rs19.96) since the start of the current fiscal year on July 1, 2021, data released by the central bank revealed.
Karachi: It was reported on Monday that the Pakistani rupee continued to rise against the US dollar in the inter-bank market. It occurred due to positive sentiments generated by the release of a $1 billion tranche by the International Monetary Fund (IMF). According to data released by the State Bank of Pakistan (SBP), the local currency closed the day at Rs174.47.
