Rupee Decline Against Dollar as Forex Market Shifts

On Monday, the Pakistani rupee declined against the US dollar, depreciating by 4 paisa in interbank trading to close at Rs 277.68 compared to the previous day’s rate of Rs 277.64. The Forex Association of Pakistan (FAP) also reported that, in the open market, the dollar buying and selling rates were Rs 277.25 and Rs …

Foreign Exchange Reserves Decrease by $36.4 Million

Karachi: The State Bank of Pakistan (SBP) reported a decline of $36.4 million in the country’s foreign exchange reserves over the past week. As of August 30th, the total reserves decreased from $14.7763 billion to $14.7399 billion. Read: Daily Crime Rate in Karachi Drops, Says Additional IG Sindh at KATI Meeting According to the SBP, despite …

US Dollar value against Pakistani Rupee

KARACHI: The purchase rate of the US dollar was Rs157.15, while the sale rate was 157.35 on Thursday, March 4 at the opening of the currency market. “The appetite for hard currency to be paid by importers has been subdued,” said a foreign exchange broker at a commercial bank on Wednesday. “The surplus of dollars …

Rupee weakens against US dollar on 16 February

Karachi: The US dollar’s purchasing rate was Rs159.2, while Rs160 on Tuesday, February 16, was its sale rate. The rupee dropped during Monday’s trading session, breaking a five-session winning streak, as a recent surge in dollar demand from importers dragged down the local currency, dealers said. Dealers also said the national currency did give up …

US dollar sold at Rs160.6 on 8 February

The sales rate of the US dollar was Rs159.9, while the sale rate was Rs160.6 on Monday, 8 February. In the meantime, the prices of the US Dollar, Saudi Riyal, UK Pound, UAE Dirham, and other foreign currencies in the free market were as follows. Currency Buying Selling Australian Dollar 121 123 Canadian Dollar 123 …

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