Friday, 19 August 2022
Trending
Currency Rates in Pakistan

Rupee Weakens Further Against Dollar

The Pak-rupee extended losses against the US-dollar on Wednesday, owing to the higher demand for import payments.

According to media reports, the exchange rate closed at Rs158.92. Against the greenback, compared with the previous day’s closing rate of Rs158.37 in the interbank foreign exchange market.

The currency dealers said improved economic indicators had escalated the demand for the import of finished goods and raw materials.

They said the market had seen inflows of export receipts and workers’ remittances. But those were not sufficient to meet the demand for the import payments.

The rupee lost Rs1.38 against the dollar during the last four trading days or since the start of the current fiscal year.

The dealers expressed the hope that the inflows of the latest auction of international bonds by the government would help the rupee make gains in the coming days.

tax accounting services top tax consultants lahore pakistan
Ads:

Currency Rates In Pakistan | Dollar Rate | Pakistani Rupee | Forex Rates | US Dollar |

Related posts
Currency Rates in Pakistan

Pakistani Rupee Made Recovery against US Dollar

Table of Contents Pakistani Rupee Made Recovery against US Dollar Pakistani Rupee Made Recovery…
Read more
Currency Rates in Pakistan

Dollar Hits Double Century against Pakistani Rupee 2022

Table of Contents Dollar Hits Double Century against Pakistani Rupee 2022 Dollar Hits Double…
Read more
Currency Rates in Pakistan

Rupee strengthens against dollar

On Wednesday the Rupee currency gained a fresh Rs0.57 to Rs169.97 to a dollar in the inter-bank…
Read more
Newsletter
Subscribe Now

Sign up for  Daily Digest and get the best of News for you.

    Leave a Reply

    Your email address will not be published.