Rupee gains 95 paisa to reach 22-month high ag inst dollar in interbank
The rupee continued its upward trajectory on Tuesday, appreciating by 95 paisa ag inst the US dollar in the interbank session.
The local currency closed the day's trade at Rs153.09 per dollar, ag inst yesterday's closing of Rs154.04 per dollar.
The rupee traded within a very narrow range of 69 paisa per dollar, showing an intraday high of Rs153.75 and an intraday low of Rs153.10.
In the open market, the rupee was traded at Rs153/154 per dollar (buy/sell).
The Pakistani rupee has been on an uptrend amid increased foreign exchange reserves and improved economic sentiments. "While Emerging Markets currencies are going through a tough time currently, Pakistan rupee has emerged as an unlikely winner so far in 2021," Mattias Martinsson, founder and chief investment officer at Tundra Fonder, said on his Twitter handle.
随着外汇储备的增加和经济情绪的提振，巴基斯坦卢比一直处于上升趋势。Tundra Fonder创始人兼首席投资官马蒂亚斯•马丁森在他的Twitter账户上表示:“ 尽管新兴市场货币目前正在经历一段艰难时期，但巴基斯坦卢比在2021年迄今为止似乎成为了意想不到的赢家。”
Having gained Rs5 or 3.27pc ag inst the dollar in March alone, the rupee is currently at a 22-month high and trading at levels last seen in June 2019.
The entire world knows that the US Dollar is on a crashing trajectory internationally and it has nothing to do with the Rupee.
Dr. Sria, Aamir Ahmad
To every rise, there is a fall
Let’s see now , how low can it go !
Syed Hamza Ali
This is disastrous for exporters who dispatched orders at 165 and are reeling from high cost of production. Importers will rejoice and trade deficit will swell.
Hope gt intervenes.
First steps to becoming a superpower is becoming evident. Keep going Khan !
and yet Auto assemblers keep on increasing prices .....maybe in their universe Rupee is till falling .
Good. So will the Car Maafia lower the prices if Rupee continues to appreciate???
Zakir Ali Afghani
Good news for importers
But bad news for exporters
Proves that economy is progressing under PTI/IK go nment.
This is a positive development, with every appreciation of Rupee, our loan liability goes down. Let us hope that Pakistani currency goes further up ag inst dollar and it settles around Rs. 120 by the end of 2021.
@Wali B. Can you plz explain why euro pound and Australian and Canadian dollars are depreciating ag inst Pakistani rupee.
ALI RAZA MEGHANI
I think it touches to 145 before eidd
Good news to importers, not so good news to exporters and expats This rise is gt made
Dollar appreciated ag inst all major currencies during last 30 days.
But why car makers are not reducing prices? They are quick to raise prices though
Best comparison is with Euro. It is almost a constant rate ag inst Rupee. Even Japanese Yen is also the same.
What’s wrong with dollar ?
@Wali B., but the news says rupee got stronger ag inst Euro and Pound as well. Are both of them faving crisis too?