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% […]
Pakistani rupee
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 hits new low against US dollar in inter-bank
KARACHI: The ruling PML-N’s loss in the Punjab by-elections has triggered political uncertainty along with import pressure which took the Pakistani rupee to a new low against the US dollar in the interbank market Monday. At the opening of the market, the rupee depreciated against the greenback by Rs1.05. It remains to be seen where […]
Pakistani rupee further depreciates, crosses Rs178 mark
KARACHI: The Pakistani rupee has depreciated further against the United States (US) dollar in intra-day trading in the interbank currency market on Friday. According to foreign currency dealers, the domestic unit depreciated by 39 paisas to touch a fresh record low of Rs178 to the greenback. The rupee had closed at Rs177.61 after depreciating by […]
Pakistani rupee gains against dollar
KARACHI: The Pakistani rupee gained against the United States (US) dollar in early trade in the interbank currency market on Thursday. According to foreign currency dealers, the local unit surged by three paisas to Rs175.45 against the greenback. The rupee had finished at Rs175.48 after gaining 24 paisas against the dollar in the interbank market […]
Rupee surges against dollar in early trade
KARACHI: The Pakistani rupee surges high against the United States (US) dollar in early trade in the interbank currency market on Friday. According to foreign currency dealers, the local unit increased by 67 paisas to Rs174 against the greenback. The rupee had closed at Rs174.67 against the US dollar the other day. In the open […]
Inter-bank market observes a fall in US$ rate to Rs 119.5 after a peak of Rs 121
KARACHI: United States (US) dollar on Monday came down to Rs 119.5 from a rate of Rs 121 reached earlier today. According to foreign exchange dealers, the greenback came down by Rs 3.88 in inter-bank market. Earlier the US $ rate stood Rs 115.63 p, after which it soared up to Rs 121. The hike […]