Tag: pakistani rupee vs dollar
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Intraday update: Pakistani rupee drops to Rs268.30, losing more than Rs12 versus US dollar
Pakistani rupee (PKR) continued its downward trend on Friday, with the rupee declining over Rs12 versus the US dollar in the interbank market. The local currency was trading at Rs268.30, compared to yesterday’s close of Rs255.43 in the interbank market. The dollar has gained Rs30.41 in the interbank market since Thursday as exchange companies removed…
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Pakistani rupee loses ground against dollar after 11 days of appreciation
The Pakistani rupee (PKR) finally lost for the first time since July 28, falling by 0.46 per cent to close at Rs214.88 against the US dollar. The PKR was down by Rs1.01 or 0.46 per cent versus the US dollar at around 1:00pm, when it was quoted at Rs214.91. In the interbank market on Tuesday,…
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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 fell by 34 per cent in FY 2021-22: Report
Pakistan’s fiscal year starts on July 1st and ends on June 30th. The rupee to US dollar exchange rate was Rs158.06 at the beginning of fiscal year 2021-2022, and it reached an all-time high of Rs212.103 in the inter-bank market on June 21, 2022. This represents a depreciation of more than 34 per cent in…