Dollar hits 170 in interbank

News Image

MG News | September 28, 2021 at 10:11 AM GMT+05:00

0:00

September 28, 2021 (MLN): The US Dollar (USD) continued its upward journey against the Pakistani Rupee (PKR) as it hit an all-new time high of 170 in early trade on Tuesday in an interbank market.

The dollar was being quoted (10:10 PST) at 169.95/170 compared to the previous day’s close of 169.6 per USD.

“It will be interesting to see if it closes beyond or below. But this could be the 1st hint that rupee could potentially trade beyond in coming days unless checked,” Asad Rizvi, Former Treasury Head-Chase Manhattan Bank tweeted.

Earlier today, he said, “The gap between the interbank market & KERB market has further widened, the market could test SBP’s nerve that if PKR is heading for new all-time Lows or not. Though at times few banks are seen offering USD in small amounts. But as soon as sizeable demand occurs, they vanish.”

Copyright Mettis Link News

Related News

Name Price/Vol %Chg/NChg
KSE100 157,953.47
555.47M
1.14%
1775.65
ALLSHR 96,741.22
1,957.60M
1.16%
1110.83
KSE30 48,198.94
249.79M
1.09%
520.47
KMI30 232,694.17
290.89M
1.31%
3011.94
KMIALLSHR 65,027.13
1,019.78M
1.03%
660.37
BKTi 42,489.56
84.10M
1.35%
566.75
OGTi 31,779.36
15.21M
0.14%
43.57
Symbol Bid/Ask High/Low
Name Last High/Low Chg/%Chg
BITCOIN FUTURES 117,360.00 117,795.00
116,905.00
-410.00
-0.35%
BRENT CRUDE 67.40 67.57
67.34
-0.04
-0.06%
RICHARDS BAY COAL MONTHLY 84.00 0.00
0.00
-0.40
-0.47%
ROTTERDAM COAL MONTHLY 94.00 94.50
94.00
0.45
0.48%
USD RBD PALM OLEIN 1,106.50 1,106.50
1,106.50
0.00
0.00%
CRUDE OIL - WTI 63.18 63.35
63.14
-0.08
-0.13%
SUGAR #11 WORLD 16.13 16.27
15.89
-0.14
-0.86%

Chart of the Day


Latest News
September 18, 2025 at 07:00 PM GMT+05:00

Pakistan's Forex Reserves Increase by USD 54.80 Million


September 18, 2025 at 05:59 PM GMT+05:00

Textile exports drop to $1.4bn in August


September 18, 2025 at 05:45 PM GMT+05:00

U. S. A. leads as top export destination for Pakistan in August


September 18, 2025 at 05:40 PM GMT+05:00

Pakistan's Power sector attracts net FDI of 86.5m in August



Top 5 things to watch in this week

Pakistan Stock Movers
Name Last Chg/%Chg
Name Last Chg/%Chg