The Pakistani rupee gained against the US dollar in the interbank market on Wednesday, supported by strong remittances and positive economic signals, while the open market dollar rate remained largely unchanged during trading. State Bank officials highlighted that Pakistan’s economy is performing better than IMF expectations, boosting market confidence. Rising inflows from overseas Pakistanis further […]
Dollar rate
Rupee gains signal growing market confidence
The Pakistani rupee continued to strengthen against the US dollar, closing at 279.90 in the interbank market as improved dollar supply supported the local currency. Moreover, the greenback briefly slipped to 279.66 during trading before rising slightly because of fresh import demand later in the session. This steady performance shows that market balance is improving […]
Dollar rate today, USD to PKR – 18 Nov 2022, other currencies
The local currency lost value in the interbank market on Friday, continuing the Pakistani rupee’s downward trajectory. According to the Forex Association of Pakistan (FAP), USD to PKR buying exchange rate was Rs222.8 as per Pakistan’s Interbank’ and the USD/PKR selling exchange rate for 1 Dollar was PKR 223.33. While, in the ‘open market’, the US dollar […]
Policy commitments made by Pakistan to continue to apply: IMF representative
ISLAMABAD: The resident representative of the International Monetary Fund (IMF) said on Monday that policy commitments made by Pakistani authorities to resume the support program continue to apply. “Policy commitments made by the Pakistani authorities as part of the Seventh and Eighth review under their IMF-support program continue to apply,” IMF representative in Islamabad Esther Pérez […]
Dollar hits 20-year high as Fed flags higher rates for longer
The United States dollar surged to a 20-year high against a basket of currencies on Monday after Federal Reserve Chair Jerome Powell signalled interest rates would be kept higher for longer to bring down soaring inflation. The dollar index scaled to a fresh two-decade peak of 109.44 in the Asia trade, with greenback strength pushing […]
Rupee’s upward slide against dollar continues
KARACHI: Rupee’s upward slide against dollar continues for the ninth consecutive working day, adding Rs 2.01 to trade at Rs 214.49 during intraday trade on Friday in the interbank market. Interbank closing #ExchangeRate for todayhttps://t.co/en7V25AuQb pic.twitter.com/ZPedwd7b8R — SBP (@StateBank_Pak) August 11, 2022 The rupee has kept strengthening against the dollar despite declining foreign exchange reserves […]
Pakistani rupee steadfast as it hammers US dollar hard for fifth straight session
For the sixth session in a row, the Pakistani rupee appreciated versus the US dollar on Thursday during intraday day activity in the interbank market. In relation to the dollar, the rupee increased by 5.79 and closed at Rs. 223, down from Rs. 228.80 on Wednesday. The dollar dropped by 9.8 or 4.19 percent […]
Rupree depreciates to historic low against dollar in interbank market amid political crisis
The Pakistani rupee was trading at 236.50 against the dollar in the interbank market on Wednesday during intraday trade as the country’s political crisis worsened. In an open market, the greenback traded between Rs237 and Rs238. According to the Forex Association of Pakistan (FAP), the local currency fell Rs3.77 to Rs236.70 from yesterday’s close of […]
Rupee falls to historic low of Rs224 against dollar in interbank trade
The Pakistani rupee broke all previous records on Tuesday, falling to a new low of 224 per dollar in afternoon interbank trade as the day came to an end. The rupee fell by Rs8.80 in the interbank market after closing at Rs215.20 yesterday, according to Tresmark data. Today, the rupee was trading at Rs224 against […]