Tag: lows
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Pakistani rupee continues to crash against US dollar, closes near Rs240
The Pakistani rupee (PKR) continued to depreciate against the US dollar on Thursday, closing near Rs240, another record low in the inter-bank market as a result of pressure from import payments and the government’s alleged inability to intervene. The local currency fell by Rs3.92 (1.63 per cent) or more, or Rs239.94, against the dollar, according…
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Pakistani rupee falls to a new all-time low of Rs205 against the US dollar
In the interbank market today, the Pakistani Rupee (PKR) plummeted below its previous record low versus the US Dollar (USD). The local currency lost Rs1.30 in the interbank market today, depreciating by 0.63 per cent against the US dollar and closing at Rs205.16. During today’s open market session, the local currency reached an intraday high…
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Pakistani rupee gains ground for the third consecutive day
Pakistani rupee (PKR) gained 60 paisas after closing in the inter-bank market on May 31, as a return of clarity on the economic front and a reduction in domestic political turmoil boosted it for the third consecutive day. According to the State Bank of Pakistan (SBP), the local currency closed at Rs198.46 after gaining 60…
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Pakistani rupee tumbles to Rs200 versus US dollar in the interbank
The lack of clarity on both economic and political fronts worsened the Pakistani rupee’s (PKR) difficulties, as the local currency sank to Rs200 against the US dollar during intraday trading in the interbank market on Thursday, May 19. Pakistani currency officially breached the 200-barrier in the open market on May 18, closing at Rs198.39 after…
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Pakistani rupee nearing an all-time low
On Monday, the Pakistani rupee (PKR) fell for the third consecutive session as depleted foreign exchange reserves and uncertainty over the renewal of the International Monetary Fund (IMF) programme weighed on the local currency. The PKR lost 0.48 per cent of its value against the US dollar in the interbank market. The rupee ended the…
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Pakistani rupee plunges by Rs1.05 against the US dollar
In today’s interbank session, the Pakistani rupee (PKR) fell by Rs1.05 versus the US dollar (USD), concluding at Rs186.97 per US Dollar, compared to Rs185.92 per USD on April 20. The rupee had a tumultuous market session, with an intraday high of Rs187.10 and a lowest of Rs186.25. This depreciation of PKR is attributed to the…