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Tag Archives: currency market

Rupee strengthens against dollar, gains 10 paisa to reach 101.5

KARACHI: Pakistani rupee Thursday again strengthened against the US dollar in interbank, and remained firm in open market. According to local currency market, US dollar lost 10 paisa in interbank to reach 101.5, however, it remained steady in open market and stand at 101.75. On Wednesday, the greenback got 30 paisa in interbank to reach 101.6 and shed 25 paisa ... Read More »

Dollar gains 30 paisa vs rupee on technical correction

KARACHI: Pakistani rupee Wednesday lost value against US dollar in interbank on technical correction, but strengthened in open market. According to local currency market, the greenback gained 30 paisa in interbank to reach 101.6 and shed 25 paisa in open market to stand at 101.75. On Tuesday, the dollar shed 60 paisa in interbank to reach 101.3, while it remained firm in open ... Read More »

Rupee vs dollar set to break Rs100 barrier, records 1.793% jump in 4 days, at Rs101.3

KARACHI: Pakistani rupee is set to break Rs100 barrier as it records 1.793 per cent jump against US dollar in 4 days and reached Rs101.3. As per the local currency market, the US dollar shed 60 paisa in interbank to reach 101.3, while it remained firm in open market at 102. On Monday, the greenback lost 50 paisa in interbank ... Read More »

Rupee heading towards Rs100 vs dollar, gains 60 paisa to reach 101.3

KARACHI: Pakistani rupee Tuesday further gained remarkable value against the US dollar in interbank, while remained unchanged in open market. As per the local currency market, the US dollar shed 60 paisa in interbank to reach 101.3, while it remained firm in open market at 102. On Monday, the greenback lost 50 paisa in interbank to reach 101.9, while it ... Read More »

Rupee keeps trampling dollar, gains 60 paisa to reach 101.3

KARACHI: Pakistani rupee Tuesday further gained remarkable value against the US dollar in interbank, while remained unchanged in open market. As per the local currency market, the US dollar shed 60 paisa in interbank to reach 101.3, while it remained firm in open market at 102. On Monday, the greenback lost 50 paisa in interbank to reach 101.9, while it ... Read More »

Swiss franc records 2-year high against euro on EBS, ends closer to SNB cap

LONDON: The Swiss franc value Monday hit a two-year high versus the euro, going ever closer to the Swiss National Bank’s three-year old cap of 1.20 francs per euro, as the single currency’s struggles continued. The euro fell to 1.20215 Swiss francs on trading platform EBS, its weakest since September 2012. The SNB has successfully kept a lid on the ... Read More »

Rupee leaps: Gains 60 paisa against dollar at 0.6186% in a single day to reach 102.5

KARACHI: Pakistani rupee Friday gained a noticeable value of 0.6186% in a single day against the US dollar both in open market and interbank as the Karachi Stock Market is also keeping its record-breaking upward rally. As per the local currency market, the greenback lost 60 paisas in open market to stand at 102.5 and 50 paisas in interbank to reach 102.4 ... Read More »

Pak rupee firms against US dollar

KARACHI: Pakistani rupee Thursday further strengthened against US dollar both in open market and interbank. As per the local currency market, US dollar lost 5 paisas in open market to stand at 103.1 and 10 paisas in interbank to reach 102.9. On Wednesday, greenback shed 15 paisas in open market to stand at 103.15 and 10 paisas in interbank to ... Read More »

Pak rupee strengthens against US dollar

KARACHI: Pakistani rupee gained value against US dollar both in open market and interbank, when the currency market opened Wednesday after four holidays. As per the local currency market, US dollar lost 15 paisas in open market to stand at 103.15 and 10 paisas in interbank to reach 102.9. On Friday, greenback lost 15 paisas in open market and closed at ... Read More »

Rupee strengthens in open market

KARACHI: Pakistani rupee gained value against US dollar in open market, but remained unchanged against in interbank on Friday, the last day of trading week. As per the local currency market, US dollar lost 15 paisas in open market to stand at 103.3 and remained steady at 103 in interbank. On Thursday, greenback witnessed no change in its value in interbank ... Read More »

Rupee remains steady at 103.45

KARACHI: Pakistani rupee Thursday remained unchanged against US dollar both in interbank and open market. According to the local currency market, US dollar witnessed no change in its value in interbank and open market at 103 and 103.45 respectively. On Wednesday, US dollar gained 10 paisas to reach 103 in interbank, while the greenback remained stable in open market at ... Read More »

Pak rupee depreciated in interbank

KARACHI: Pakistani rupee Tuesday lost its value against US dollar in interbank, but remained stable in open market. According to the local currency market, US dollar gained 20 paisa to reach 102.9 in open market, while it remained unchanged in interbank at 103.45. On Monday, rupee remained unchanged at 103.45 and 102.7 in open market and interbank respectively. Read More »

Pak rupee slightly strengthens in open market

KARACHI: Pakistani rupee gained value against US dollar in open market, and also remained stable in interbank on Friday, the last trading day. According to the local currency market, US dollar lost 4 paisa to reach 103.1 in open market and remained steady in interbank on 102-7. On Thursday, US dollar gained 10 paisa to reach 103.5 in open market, ... Read More »

Rupee weakens against US dollar in interbank

LAHORE: Pakistani rupee further lost its value against US dollar in interbank, while gained value in open market on Monday, the first day of trading week. As per the local currency market, US dollar gained by 10 paisa in interbank to reach 102.7, while it shed 10 paisa in open market to reach 102.85. Last week, the US dollar gained ... Read More »

Rupee remains stable against US dollar

KARACHI: Pakistani rupee remained stable against US dollar both in interbank and open market on the first day of trading on Thursday after five days of Eid holidays. According to local currency market, US dollar remained stable both in interbank and open market at 102.4 and 102.6 respectively. On the last trading day on Friday, US dollar gained 20 paisa ... Read More »

Rupee further strengthens in interbank

KARACHI: Pakistani rupee Thursday gained 10 paisa against US dollar in interbank and remained steady in open market. According to local currency market, US dollar lost 10 paisa in interbank to reach 102.5 and remained steady in open market to stand at 102.4. On Thursday, US dollar lost 10 paisa both in open market and interbank to reach 102.4 and ... Read More »

Rupee gains value in open market

KARACHI: Fluctuation was witnessed in value of Pakistani rupee against US dollar as rupee gained value in open market, but dropped in interbank on Tuesday. According to currency market, US dollar shed 25 paisa in open market to reach 102.5, while gained 10 paisa to stand at 102.70. On Monday, rupee showed no change in interbank and kept its value ... Read More »

Rupee keeps steadier trend

KARACHI: Pakistani rupee kept steadier trend in interbank and further strengthened in open market against US dollar on the first day of trading week on Monday. As per local currency market, rupee showed no change in interbank and kept its value on 102.6, and even gained value in open market as US dollar shed 10 paisa and stand at 102.75. ... Read More »

Rupee stays stable in interbank, weakens in open market

KARACHI: Pakistani rupee stayed stable against US dollar in interbank, but weakened in open market on the last trading day in the currency market on Friday. According to local currency market, the US dollar gained 5 paisa in open market and reached 102.85 and remained unchanged in interbank on 102.6. On Thursday, the US dollar lost 10 paisa in open ... Read More »

Stagnant inflow, debt servicing shrink forex reserves

KARACHI: Foreign exchange reserves of the State Bank of Pakistan declined due to external debt servicing and no fresh inflow over the past two months. According to a State Bank report, the reserves held by the bank declined by $89 million to $9.188 billion during the week ended on Aug 8 as against $ 9.277bn in the previous week. Total ... Read More »