In the interbank market today, the US dollar gained value against the Pakistani Rupee. It increased by 4 paisas and closed at Rs. 282.21. Yesterday, the dollar had closed at Rs. 282.17, showing a minor but notable uptick. Meanwhile, the Pakistan Stock Exchange (PSX) witnessed historic activity ahead of the federal budget announcement. The KSE-100 […]
US Dollar
PKR weakens slightly, dollar climbs to Rs284.40 in open market
The Pakistani rupee continued its marginal downward trend on Tuesday, falling by 12 paisa against the US dollar in the interbank market, where it closed at Rs282.17. This slight dip comes after Monday’s rate of Rs282.06, reflecting a 0.04% depreciation. Currency analysts attribute this movement to routine demand from importers and cautious market sentiment ahead […]
Rupee sheds 11 paisa against US Dollar
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 […]
Pakistani rupee gains slightly against US dollar amid global currency movements
The Pakistani rupee gained marginally against the US dollar on Wednesday, appreciating by 0.06%. At the close of trading, the rupee stood at 280.26, a slight gain of Re0.16 from Tuesday’s closing value of 280.42. This improvement reflects a small but notable movement in the inter-bank market. On the global front, the US dollar weakened […]
PKR slips marginally below 280 against USD after a year
The Pakistani rupee recorded a slight depreciation of 0.04% (Re0.10) against the US dollar in the inter-bank market on Monday, closing at 279.97. This marks the first time in over a year that the local currency has settled below 280 against the greenback. Last week, the PKR saw a gradual decline, losing Re0.30 or 0.11% […]
Oil gains as US dollar eases though demand fears linger
Oil prices rose on Tuesday as the US dollar eases against major peers but gains were limited by worries of slowing global fuel demand growth amid bearish economic data from key oil-importing economies such as China. International benchmark Brent crude futures gained 27 cents to $93.53 per barrel by 0415 GMT, after falling 0.3% in […]
Strong US dollar an unstoppable force endangering other currencies
NEW YORK: The dazzling rise of the US dollar, which has hit one record after another, is raising fears of a currency crash of a severity not seen since the 1997 Asian financial crisis reverberated around the world. The Federal Reserve’s rapid, steep interest rate increases and the relative health of the US economy has […]
Currency buying/selling rates – 30 September 2022
According to the Forex association following are the selling and buying rates of major currencies, here on Friday. Currency Selling Rate Buying rate US Dollar 227.5 225 UK Pound 248 245.5 Euro 220.5 218 Japanese Yen 1.25 1.2 Saudi Riyal 60.6 60 U.A.E Dirham 61.7 61
Rupee continues recovery against US dollar
KARACHI: The greenback continued to shed value against rupee on Thursday. It traded at Rs219.38 in the interbank while the banks are selling the US dollar at Rs220.18, forex dealers said. In open market, the dollar declined by Rs2 and traded between Rs216 to Rs218. US dollar shed Rs2.53 in the interbank today and […]
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 […]