Rates of foreign currencies in kerb market
issued by the Forex
KARACHI -- The Pakistani rupee dropped to its lowest level against the US dollar in the Kerb market
in seven weeks, it is now trading at Rs125 against US dollar.
KARACHI -- The rupee fell to its lowest against the greenback in the kerb market
in seven weeks, trading at Rs125 to a dollar on Wednesday.
KARACHI: Following were the Closing Rates of foreign currencies in kerb market
issued by the Forex Association of Pakistan (FAP), here on Tuesday.
Demand of the cable soared significantly in the kerb market
as rupee shed major grounds last week.
In the kerb market
, the rupee also managed to gair by 28 paisa and 23 paisa in buying and selling respectively.
Low inflow of dollars from overseas Pakistani's and dipping forex reserves have increased demand and prices in the kerb market
On Thursday, the rupee in the kerb market
had closed at Rs118.55 and it declined further to Rs119.05 on Friday.
KARACHI -- Following were the Opening Rates of foreign currencies in kerb market
issued by the Forex Association of Pakistan (FAP), here on Thursday.
The rupee gained 0.4 per cent in the inter-bank rate (buying) while it remained stable in the kerb market
. As witnessed in the table below, the rupee continued to gain throughout the month in the inter-bank market.
KARACHI -- The rupee further plunged against the US dollar on Friday in the kerb market
, touching a new low of Rs119.05.
The State Bank of Pakistan's stipulation for submission of identification proof before buying and selling of foreign currency more than $500 has caused dollar supply in the kerb market
to have decreased by half.