The Rupee on Tuesday depreciated by 11 paisa against the US Dollar in the interbank trading and closed at Rs 281.67 against the previous day’s closing of Rs 281.56. However, according to the Forex Association of Pakistan (FAP), the buying and selling rates of the dollar in the open market stood at Rs 282.20 and […]
Rupee
Rupee declines further against US dollar
The Pakistani rupee posted a marginal decline against the US dollar, depreciating 0.06% in the inter-bank market during trading on Monday . At close, the local currency settled at 281.22, a loss of Re0.16 against the greenback. During the previous week, the Pakistani rupee depreciated further against the US dollar in the inter-bank market as […]
Rupee gains on FATF’s verdict
The second consecutive session for the continuous recovery of Pakistani Rupees against the United States Dollar which is Rs0.43 against the US dollar in the interbank market is a good go. Rupee gains on FATF’s verdict. The released data by the State Bank of Pakistan (SBP) indicates that the local currency closed at Rs220.41 per […]
FATF will soon remove Pakistan from grey list: Ishaq Dar
WASHINGTON: Finance Minister Ishaq Dar hoped that Pakistan will come off of the Financial Action Task Force’s (FATF) grey list as the watchdog is expected to announce its decision after making an onsite visit earlier last month. In June, Pakistan completed FATF’s action plans but the watchdog still kept the nation on the grey list […]
Rupee plunges further against dollar
KARACHI: Rupee plunges further against dollar. The Pakistani rupee continued to fall for the 14th continuous session on Wednesday and hit a new low against the US dollar amid a shortage of the greenback in the country. The rupee has been one of the worst performing currencies in the emerging markets and has fallen by […]
Downward slide of Dollar against Rupee
The US dollar continued its downward slide to the fifth consecutive day against the rupee on Friday. With the greenback shedding around Rs16 in a week in the interbank amid assurance from the IMF for the release of a USD1.17 billion tranche. In the interbank today, the US dollar shed Rs2.05 to trade at Rs224.10 […]
US dollar falls against Pakistani rupee for fourth successive session
KARACHI: The US dollar on Wednesday continued its losing streak in the interbank and open market against the rupee, a day after the IMF said that the country has fulfilled its last condition of raising the levy on fuel prices. According to the Forex Association of Pakistan (FAP), the rupee gained 88 paise by […]
Rate of US dollar against rupee
KARACHI: The US dollar after days of hike in the open market saw a decline against the rupee on Monday after it shed Rs3. Rate of US dollar against rupee is declining. According to forex dealers, the US dollar shed Rs0.37 in the interbank and traded at Rs239.37 as the banks are still selling the […]
Rupee sheds 79 paisas against dollar
Exchange rate of Pak Rupee weakened by 79paisas against the US Dollar in the interbank trading on Monday and closed at Rs200.93 against the previous day’s closing of Rs200.14. According to the Forex Association of Pakistan (FAP), the buying and selling rates of dollar in the open market were recorded at Rs200.75 and Rs202.25 […]
Rupee’s downward trend continues, crosses 190 mark
KARACHI: The Pakistani rupee surged to an all-time low against the US dollar on Wednesday, breaching the critical threshold of 190 against the greenback in the interbank market. The local currency was trading at Rs190.07 against the greenback in the interbank market during intraday trade, surpassing Tuesday’s record low of Rs188.66 due to uncertainty with […]