Tag: Rupee

The politically motivated violence and the ensuing uncertain security situation in the metropolis took a heavier toll on the local currency during Ramadan; that...

Increased payments for imports and gloomy sentiment surrounding the country’s economic outlook forced the Pakistani rupee to end on a record low on Monday,...

The Pakistani rupee fell to a fresh record low on Saturday on negative sentiment about the country's economic outlook, as well as the deteriorating...

The Pakistani rupee on Thursday fell to a record low because of negative sentiment surrounding the country's economic outlook, and strong dollar demand for...

The National Assembly Standing Committee on Finance on Thursday approved the Pakistan Coinage Amendment Bill 2010 which replaces the paisa denominated coins with one...

The rupee recovered on Thursday from a record low from the previous day because of lack of import payments, but dealers expect the local...

The Pakistani rupee fell to a record low on Wednesday on strong demand for the dollar for oil import payments, and dealers said they...

The Pakistani rupee fell to a record low of 86.50 against the U.S. dollar, but ended firmer on possible verbal central bank intervention, on...

KARACHI - The Pakistani Rupee has continued to gain strength against US dollar as the intraday interbank rate reached Rs 84.0 per dollar, the lowest level since April 28, 2010. The rupee has so far appreciated by 1.8 percent in the current fiscal year, while it has beefed up by 2.7 percent since its recent low on September 30, 2010 (Rs 86.33 per dollar).
The prime reason for this appears to be the contained current account deficit, at $98 million in 8MFY11 compared to $3.0

KARACHI - The Pakistani Rupee (PKR) has achieved some gains, as it's exchange rate has appreciated one percent against the US dollar since January 2011, taking PKR to a 10-month high. This was triggered by a firm current account balance and sound foreign exchange reserves.
Any major fluctuations in the PKR and US dollar parity in the short term is not expected; while the Pakistani currency may weaken in the medium term, said Saad Khan at AHL.
Compared to internal dynamics,

KARACHI - The Pakistani rupee gained on Tuesday to end near an eleven-month high, amid a lack of import payments and continuous healthy dollar inflows, dealers said.
The rupee closed at 84.43/53 to the dollar, compared with Monday's close of 84.72/78, its highest close since May last year.
"There were no oil payments, therefore there was less demand for the dollar," said a dealer at a foreign bank, adding that oil payments may start from next week.
Officials and

KARACHI - Thin trade and cautious investors pushed Pakistani stocks down on Friday as traders awaited the monetary policy announcement, due the next day, dealers said.
Analysts expect the State Bank of Pakistan (SBP) to leave the key policy rate unchanged at 14 percent in its monetary policy for the subsequent two months.
The Karachi Stock Exchange (KSE) benchmark 100-share index ended 0.10 percent, or 11.33 points, lower at 11,552.92 on turnover of 66.39 million shares.