Karachi: Rupee on the third day of the trading week managed to post gains against the dollar mainly due to lesser import expenses and an recovering economic outlook.
The buying rate of the US dollar on Wednesday was Rs159.1, while its selling rate was Rs159.9 at the closing of market on Wednesday, February 10.
Meanwhile, according to Forex Association of Pakistan, the buying and selling rates of dollar in the open market were recorded at Rs159.1 and Rs159.9 respectively.
In interbank trading, the price of euro appreciated by 97 paisas and closed at Rs193.26 against the last day’s trading of Rs 192.29, State Bank of Pakistan reported.
According to the Currency dealers the rupee continued to appreciate versus the greenback due a slowdown in the demand of the dollar from importers. “There is a lack of import payment pressure. It seems the government had already bought oil to meet its demand,” a foreign exchange trader thought.
“The market didn’t react to the surge in the international oil prices,” he added.
Who's ready for Thanksgiving Day football? Picks, predictions and X factors
- 15 گھنٹے قبل
Egyptian Foreign Minister meets Field Marshal,reaffirming commitment to enhancing defence cooperation.
- 5 گھنٹے قبل
Amazon’s Starlink competitor is launching with ‘world’s fastest satellite internet antenna’
- 16 گھنٹے قبل
President Zardari has summoned the joint session of Parliament for tomorrow.
- 5 گھنٹے قبل
Lakki Marwat: Suicide attack on police van leaves one officer martyred,one militant killed.
- 5 گھنٹے قبل
Child body who fell into open manhole in Karachi found
- 6 گھنٹے قبل
Aqara’s $99 Wi-Fi smart lock is a good-looking budget option
- 16 گھنٹے قبل
IHC declines plea for immediate stay in advocate Iman Mazari, Hadi Chatha in controversial Tweets Case
- 4 گھنٹے قبل
A defense of Thanksgiving turkey
- 5 گھنٹے قبل
Field Marshal,Egypt’s Foreign Minister vow to deepen long-standing ties
- 6 گھنٹے قبل
How to fix the broken visa system for high-skill workers
- 14 گھنٹے قبل
Notification for CDF’s appointment to be issued in due course of time: Khawaja Asif
- ایک دن قبل
