Pakistan rupee sinks below 100 mark against dollar

KARACHI: The Pakistani rupee on Monday sank to an all-time low against the US dollar over forex reserve fears as the country repaid $146 million to the International Monetary Fund. The rupee fell to 100.1 to the greenback in trading in Karachi, down from 99.30 on the open market Friday, …

Historical chart of Pakistan rupee exchange rate vs. US dollar

Following is the chart of rupee exchange rates against US dollar. It is interesting to see that between 2001 and 2007, the exchange rate remained almost the same but with the start of rise in oil prices and lawyers movement in Pakistan, the rupee totally collapsed.   In my personnel opinion, …

Pakistan rupee loses strength against dollar: gold rates 20-Jan-09

KARACHI: The national currency lost heavily against the dollar in the inter-bank market, dealers said on Monday. The American currency commenced the day’s trading at Rs 79.30 for buying, witnessed a massive gain and closed at Rs 79.60 for buying and Rs 79.65 for selling. Thus, the local currency recorded …

Rupee regains strength vs dollar-22nd December 2008

KARACHI: The national currency recovered some of its strength against the American currency in the inter-bank market, dealers said on Monday. The rupee gained 10 paisas against the dollar during the day’s trading. The greenback commenced the week’s trading at Rs 78.75 for buying, appreciated and was changing hands at …

Pakistan rupee inches up against dollar

Local currency market displayed mixed sentiments amid dull trading this week. The rupee stood firm versus the dollar and euro. Dollar supply improved significantly amid low demand. The inflow of $3.1 billion under the IMF $7.6 billion loan has released pressure on the rupee to some extent. The rupee this …