Tag: interbank trade
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Pakistani rupee closes at Rs277.41 as US dollar recovers by nearly Rs2 in interbank trade
The US dollar appears to have bounced back on Wednesday at the opening of interbank trade, as it gained 31 paisas. The American currency closed at Rs277.41 after gaining Rs1.97 against the local unit. The dollar was exchanged for Rs275.75 at the start of the trading session on Wednesday.
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Gold price in Pakistan hits new record high of Rs214,500 per tola
Tuesday saw a historic moment for Pakistan as the price of gold soared to an all-time high, hitting Rs214,500 per tola (11.66 grams). The cause of this surge was multifaceted, with the global market’s uptrend playing a part, alongside the rupee’s historic low against the US dollar in the interbank trade. The rupee had plummeted…
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Intra-day trade: Pakistani rupee touches Rs207.7 against US dollar
In intra-day trade in the inter-bank market on Thursday, the local currency sank to Rs207.7 against the US dollar, continuing its downward trend. The rupee hit an all-time low against the dollar on Wednesday, closing at Rs206.46. This was partly due to the strengthening of the dollar on the international stage, but it was also…
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Pakistani rupee crashes to historic low of Rs194 against US dollar
During the trading session on Monday, the Pakistani rupee (PKR) maintained its declining trend, touching Rs194, its worst rate versus the US dollar. At the interbank, the greenback strengthened by Rs1.47 during the trading hours. The General Secretary of the Exchange Companies Association of Pakistan, Zafar Paracha said that the greenback climbed by Rs11.07 since the…