The dollar depreciated against Pakistani Rupee on the first day of the trading week – Monday in the Interbank Foreign Exchange.
According to data released by the State Bank of Pakistan, the dollar depreciated by 14 paisas against Pakistani Rupee (PKR) in the interbank market.
Interbank closing #ExchangeRate for today: https://t.co/A2MxoauKg5 pic.twitter.com/xNyg2px9cM
— SBP (@StateBank_Pak) March 15, 2021
According to Forex dealers, the dollar rose from Rs157.14 to close at Rs157.00 in the interbank market.
Whereas, the buying rate of the US dollar was Rs156.9, while it was sold at Rs157.5 against PKR at the opening of Pakistan's currency market.
“The demand for the hard currency remained subdued due to fewer import payments. Strong inflows from remittances and Roshan Digital Account have increased the dollar supplies in the market,” said a currency dealer. “We expect the rupee to easily trade below Rs158 levels/dollar in the coming sessions. The next range for the rupee could be Rs156 to Rs155.”
Dealers said the local unit continued to march upwards due to soft importers’ dollar demand and inflows from remittances, Roshan Digital Account, and export proceeds.
UN chief decries global rise of ‘rule of force’
- ایک گھنٹہ قبل
Three Federal Constabulary personnel martyred in terrorist attack in KP’s Karak
- 3 گھنٹے قبل
What are gold rates in Pakistan, global markets today?
- 4 گھنٹے قبل
T20 World Cup: Pakistan warn England’s flaky batting to expect a trial by spin
- 3 گھنٹے قبل
The AI security nightmare is here and it looks suspiciously like lobster
- ایک دن قبل
Super eight: spinners’ magic works as England beat Sri Lanka by 51 runs
- ایک دن قبل
President, PM urge Scouts to assist Govt in dealing with challenges
- ایک دن قبل
Pakistan targets 7 TTP, ISKP hideouts in border operation
- ایک دن قبل
Iran says any US attack including limited strikes would be ‘act of aggression’
- 3 گھنٹے قبل
Pakistan, Bangladesh to expand cooperation across diverse sectors
- ایک دن قبل
Punjab aircraft controversy should be viewed through facts and policy lens: Analysts
- ایک دن قبل
Security forces neutralise four Indian-sponsored terrorists in Pishin IBO: ISPR
- 4 گھنٹے قبل
