Rupee Posts Gains Against the US Dollar 5th Day in A Row

Pakistani Rupee continued its appreciation against the US dollar for the fifth day in a row.

The Rupee closed at Rs. 152.74 to the USD today (April 12), up from Rs. 152.94 to the USD in the interbank market on Friday (April 9), with an appreciation of 19 paisas.


Rupee Posts Gains Against the US Dollar 4th Day in A Row

At the same time, Pakistan received record remittances of above $2 billion from overseas workers for the tenth consecutive month in March 2021.

According to the SBP, remittances sent by Pakistani expatriates amounted to $2.7 billion during March 2021, increasing by 43 percent compared to March 2020.

Dealers said healthy inflows helped the Pakistani Rupee to regain ground during the session.

According to the dealers, the Rupee is strengthening due to improved external position and lower demand for import payments. The rupee is also likely to be supported by inflows because of Ramazan and Eid-ul-Fitr.

Against other major currencies, PKR posted gains in the interbank currency market today except against the Pound Sterling (GBP) and the Canadian Dollar (CAD).


Pakistani Rupee Posts Big Gains Against the US Dollar 3rd Day in A Row

PKR posted a loss of 29 paisas against the GBP and 22 paisas against the CAD.

Otherwise, PKR posted a gain of 23 paisas against the Euro, 7 paisas against the Australian Dollar (AUD), and 5 paisas each against the UAE Dirham (AED) and the Saudi Riyal (SAR) today.

  • We should strongly support our prime minister imran khan and make him win the next election

  • Rupee getting appreciation. Funds Will rising for million and billions, but as usual it will eaten by army officers. No one can ask them. Now mega projects and federal departments are in control of these military officers. Your Imran is just a piece of crap. Don’t be blindfolded.

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