On Tuesday, the Pakistani rupee fell nearly Rs1.64 against the US dollar to Rs205.50 in the interbank market during the day. The currency hit an all-time low of Rs203.86 per dollar on Monday, according to the State Bank of Pakistan (SBP). Interbank closing #ExchangeRate for todayhttps://t.co/T39dvLv98n pic.twitter.com/rVQMdAIsoX — SBP (@StateBank_Pak) June 13, 2022 The local […]
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After three-day upward streak rupee trades at 201.4 against US dollar in interbank market
On Wednesday, the Pakistani rupee recovered from a three-day slump, gaining about Rs1.5 against the US dollar in the interbank market during intraday trade. As of 10:15 a.m., the rupee was trading at 201.4 per US dollar in the interbank market, according to the Forex Association of Pakistan. The American currency lost Rs2.33 in its value […]
Rupee gains Rs2.50 in interbank trade after govt’s decision to remove petroleum subsidies
On Friday, the US dollar dropped down by Rs3 against the Pakistani currency, sliding down to Rs199 in the interbank market. The drop off in the dollar’s value occurred after the government decided to remove petroleum subsidies in line with the conditions of the International Monetary Fund (IMF). According to the forex dealers, the greenback […]
Pakistani rupee plunges to all-time low against US dollar, crosses 193-mark
The Pakistani rupee continued to lose steam on the last business day of the week as today is the fourth consecutive day that the dollar has risen to a record high against the rupee. The US dollar gained 1.23 paisas against the greenback in the interbank trading and crushing all hopes of the day by […]
US dollar once again flattens Pakistani rupees
The US dollar on the onset of the intrabank trading soared by a massive one rupee and 31 paisas and later build to Rs1.56 against the Pakistani currency, smashing the Rs186 barrier. The dollar was now being traded at Rs186, a healthy gain as far as its previous day’s closing rate was concerned which was Rs184.44. After recording […]