According to the Forex Association of Pakistan (FAP) on Wednesday, USD to PKR buying exchange rate was Rs221 as per Pakistan’s Interbank’ and the USD/PKR selling exchange rate for 1 Dollar was PKR 221.5. While, in the ‘open market’, the US dollar was being traded between Rs225 to Rs227.25. Dollar to PKR – US Dollar rate in […]
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Dollar rate in Pakistan today – 7 September 2022
Dollar rate in Pakistan today – 7 September 2022: Despite receiving a loan tranche from the IMF for US$1.16 billion, the dollar’s value against the rupee kept rising. On Wednesday, the US dollar increased by Rs 2.58 in the interbank market against the rupee and traded at Rs224. The US dollar traded between Rs232 and […]
Rupee continues to decline against dollar
The Pakistani rupee continued to decline against the US dollar on Thursday in anticipation of the executive board meeting of the International Monetary Fund (IMF) on August 29 in Washington. In the interbank market, the local unit was trading at 219 during the intraday trade after losing 0.62 paisas against the dollar. Interbank closing #ExchangeRate […]
Today’s rate of US dollar against rupee
Today’s rate of US dollar has increased in interbank trading as it continues to hold its ground against the Pakistani rupee and has maintained its upward trend. The value of the greenback appreciated by Rs1.09 against the Pakistani rupee on Tuesday. According to dealers in the forex market, the Pakistani rupee depreciated by Rs1.09 in […]
US dollar bounces back against rupee
In interbank trade, the US dollar resumed its recovery trend against the Pakistani rupee and increased by 65 paisas to reach Rs 214. Since the IMF broke the agreement with the government’s Finance team, which Miftah Ismail chairs, the local currency is on the road to recovery. The last closing of the previous week was […]
Rupee bulldozes dollar for seventh successive session
After an extended weekend and the holiday for Muharram, the intrabank trading started back up on Wednesday morning, and the Pakistani rupee bulldozed the US dollar once more. The rupee soared by Rs2.54 as soon as the forex dealers began trading, devaluing the US dollar to Rs221.50 by 10:45 am. For a sixth straight working […]
Dollar continues upward trajectory against rupee
The dollar initially traded at Rs240 in the interbank market on Friday as the government’s position regarding the IMF agreement and other economic measures remained unclear. This contributed to the rupee’s continued to decline against the US dollar. The US dollar increased by Rs0.06 to trade at Rs240 in the interbank market, according to forex […]
Dollar plunges record high against rupee, touches Rs239.9 in interbank
The US dollar’s upward trend persisted unabatedly on Thursday, as the greenback traded at Rs239.9 per rupee as the government failed to appease importers concerned about the country’s dollar inflow. After the election of CM Punjab Parvez Elahi, the dollar continued to rise in value amid political unpredictability regarding the federal government’s future and the […]
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 continue to lose steam as dollar crosses Rs.208 in interbank trade
The US dollar extended its gains on Friday, crossing Rs208 in early morning interbank trade, which analysts attribute to a delay in the accord with the International Monetary Fund (IMF) and quickly dwindling foreign exchange reserves. The unfettered dollar appreciation has caused it to rocket to new historic highs, putting huge pressure on the […]