Tag Archives: interbank market


KARACHI (92 News) – The US dollar fell by Rs.85 to reach Rs159.20 in the interbank market on Wednesday as the trading is continuing for the day. The benchmark KSE-100 index increased 50 points to push up the index. On Tuesday, the US dollar rose in the interbank market, inching up by 1.04 paisa to reach Rs160.90. The rupee maintained downward drive for the seventh straight session ahead of the likely hike in key interest rate. The rupee further weakened Rs1.04 to Rs160.90 to the US dollar in intra-day trade in the inter-bank market. The benchmark KSE-100 index decreased 110 points to push down the index less than 33,150 points. The State Bank of Pakistan (SBP) is strongly expected to hike key interest rate by 100 basis points to rein the future inflation in the afternoon. Last week, Pakistan received the first tranche of a loan of $991.4 million from the International Monetary Fund (IMF) under the under Extended Fund Facility (EFF). According to the State Bank of Pakistan (SBP), following the loan from the IMF, the country’s foreign exchange reserves now stand at above $15.0431 billion. The interbank rate is the benchmark rate to determine the value of dollar and sets the direction for open market rates. Since the open market or cash market rate usually remains higher than the interbank rate, the open market is likely to follow a similar trend throughout the day. The final rates for both cash and interbank market are compiled in the evening when businesses close.

Dollar slightly moves down after yesterday’s surge

07 July, 2019 11:28 am 11:28 am

KARACHI (92 News) – The US dollar fell by Rs.85 to reach Rs159.20 in the interbank market on Wednesday as the trading is continuing for the day. The benchmark KSE-100 index increased 50 points to push up the index. On Tuesday, the US dollar rose in the interbank market, inching up by 1.04 paisa to … Read More


US dollar, value, 51 paisas, interbank, 70 paisas, open, market

US dollar falls by Rs1.30, reaches Rs158.75 in interbank

07 July, 2019 11:15 am 11:15 am

KARACHI (92 News) – The US dollar fell by Rs1.30 to reach Rs158.75 in the interbank market on Tuesday as the trading is continuing for the day. The US dollar was closed at Rs160.5 in the last week. The US dollar fell by four rupees and five paisa to reach Rs160 in the interbank market … Read More


US dollar reaches record high of Rs128 in interbank market

07 July, 2018 2:04 pm 2:04 pm

KARACHI (92 News) – The US dollar surged to record high against the Pakistan Rupee in the interbank market on Monday, touching Rs128. According to forex dealers, the US dollar rose by Rs6.45 in the interbank market today and now current price of dollar is Rs128. A widening current account deficit and increasing imports have … Read More