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Rupee Exchange Rates

Pakistan rupee exchange rates

Gold climbs to Rs36150 per tola in Pakistani Markets

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17th November 2009

By Samia Saleem

KARACHI: Gold price scaled a fresh high on Tuesday to reach Rs36,150 per tola, marking an increase of Rs300 in a day.

The value of gold in the local markets is now Rs300 higher than Dubai. “This happened due to rising demand of gold in the country,” said Haji Haroon Chand, President of All Sindh Saaraf and Jewellers Association.Read More »Gold climbs to Rs36150 per tola in Pakistani Markets

Pakistan rupee to gradually gain in 2009, reserves to reach $15.5 billion

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KARACHI: Pakistani rupee is likely to gain gradually against the US dollar during the rest of the year, says a foreign exchange analyst of a leading foreign bank.

Priyanka Chakravarty, an India based FX strategist at Standard Chartered Bank, says the IMF’s decision to allocate an additional $3.2bn to Pakistan, and the ensuing sovereign credit rating upgrade by Standard and Poor’s, bode well for the currency. She says the rupee is not likely to lose value despite pressure from a deteriorating trade deficit due to rising commodity prices. Read More »Pakistan rupee to gradually gain in 2009, reserves to reach $15.5 billion

Pakistan rupee exchange rates and gold prics on 26-Mar-09

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Dollar dominates rupee

KARACHI: The dollar continued to dominate the rupee in the interbank market, dealers said on Wednesday.

The greenback was up by seven paisas against the rupee during the day. The dollar started the day’s trading at Rs 80.51 for buying and after gaining strength closed at Rs 80.58 for buying and Rs 80.63 for selling.

However, the European single currency continued its downward trend for the second consecutive session as the rupee incurred a gain of 92 paisas during the day. The euro commenced the day’s trading at Rs 109.36 for buying and after losing strength closed at Rs 108.44 for buying and Rs 108.64 for selling. Read More »Pakistan rupee exchange rates and gold prics on 26-Mar-09