Renewed pressure on the rupee on an increase in fiscal-year-end dollar demand from importers and the corporate sector will keep the local currency under pressure.Įarlier, Exchange Companies Association of Pakistan (ECAP) General Secretary, Zafar Paracha said: “There is no sense of this volatility in the currency market. Over the week, Pakistan rupee to US dollar exchange rate changed by -5.74. Chart of the exchange rate is on the page. Ten years ago, Pakistan rupee can be exchanged for 0.01094 US dollar.
Six months ago, Pakistan rupee could be sold for 0.00578 US dollar. Traders believe caution is expected this week ahead of the unveiling of the federal budget for the fiscal year 2022-23, scheduled to be announced on June 10 (Friday), with investors expecting the International Monetary Fund (IMF) conditions of fiscal consolidation to dominate. A month ago, Pakistan rupee can be exchanged for 0.005683 US dollar. It plummeted to an all-time low of 202.83 against the US dollar in the interbank market as demand increased due to oil-related. On June 7, the local currency dropped to an all-time low of Rs202.83 surpassing its previous record low of Rs202 registered on May 26. Islamabad Pakistan, June 8 (ANI): The Pakistani rupee on Tuesday surpassed all prior records against the US dollar after shedding sheds Rs 2.77, or 1.37 per cent, against the US dollar in the interbank market.
Pakistan continues hard talks with IMF ahead of Rs9,500 billion budget Amir Liaquat, 49, passes away.
#US DOLLAR TO PAKISTAN RUPEE CODE#
The Pakistani rupee partially recovered against the US dollar on Thursday and closed at 200.77 in the interbank market. The code for the Pakistan Rupee is PKR The symbol for the Pakistan Rupee is The code for the American Dollar is USD The symbol for the American Dollar is The Rupee is divided into 100 paisa The Dollar is divided into 100 cents For 2022, one Pakistan Rupee has equalled. During the session, the rupee remained under pressure and even hit the 204 level before. KARACHI (Dunya News) Rupee on Tuesday weakened further in the inter-bank market, closing at 202.83 against the US dollar with lowest closing level in history. The Pakistani rupee partially recovered against the US dollar on Thursday and closed at 200.77 in the interbank market.Īccording to data released by the State Bank of Pakistan (SBP), the local currency gained Rs0.75 or 0.37%, against the greenback.Ī day earlier, the local currency gained Rs1.31, or 0.64% to close at Rs201.52. The Pakistani rupee partially recovered against the US dollar on Thursday and closed at 200.77 in the interbank market. Rupee plunges to all time low of 202.83 against US dollar.
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