The rupee was at 84.4425 against the U.S. dollar, down 0.1% from its close of 84.3275 in the previous session. The weakness in most Asian currencies also weighed on the rupee, with the Indonesian rupiah down 0.4% and leading losses. Public sector banks were spotted bidding for dollars, with the demand most likely related to […]
However, according to the Forex Association of Pakistan (FAP), the buying and selling rates of the dollar in the open market stood at Rs 278.85 and Rs 280.35 respectively. The price of the Euro decreased by Rs 1.37 to close at Rs 308.21 against the last day’s closing of Rs 309.58, according to the State […]
The Indian rupee closed at 83.7275 against the U.S. dollar, unchanged from its close on Friday, after hitting an all-time low of 83.74 earlier in the session. Factors such as outflows from local equities, volatility in the Chinese yuan, and tepid risk appetite have contributed to weakness in the rupee in recent sessions. The currency […]
Pakistani Rupee continued its upward movement against the US Dollar on the third day of the week. The Rupee gained 33 paisas against the USD today. PKR closed below Rs. 153 to the USD on the interbank market. The rupee was closed at Rs. 152.75 to the USD in the interbank market today (31 March), […]
The rupee weakened on Monday, as the dollar demand from importers and corporates, looking to meet month-end commitments, weighed on the domestic currency, dealers said. In the interbank market, the rupee lost 0.38 percent, or 62 paisas, against the dollar, as it closed at 160.71/dollar, compared with 160.09 on Friday. The rupee ended weaker at […]
The United States dollar fell to a six-month low against the rupee in the interbank market, losing 14 paisas to reach Rs159.97, according to data released by the State Bank of Pakistan on Tuesday. The last time the dollar stood at similar levels was earlier this year on May 8, when it was changing hands […]
