Dollar hits an all-time new high of 170.96

MG News | October 06, 2021 at 12:21 PM GMT+05:00

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October 6, 2021 (MLN): Making a new high with almost every passing day, the US dollar (USD) soared to an all-time high in an intraday trade on Wednesday in the interbank market against the Pakistani Rupee (PKR).

On the third day of the trading week, the US dollar hit by 16 paisa to an all-time new high of 170.96.

The dollar was currently being quoted (12:17 PST) at 170.86/170.96 compared to the previous day’s close of 170.8.

Raising his concern over the ongoing rupee depreciation, Asad Rizvi, the former Treasury Head at Chase Manhattan said, “Rising oil and gas prices in Europe are posing a big threat that is hurting our economy.”

“Demand is due to unexpectedly fast-improving Covid-19 condition & consumer shifting to cheaper oil from expensive gas that is equivalent of $205 a barrel oil. Oil demand is up by 1/2mbd,” he added.

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KSE100	178,262.34 385.16M	4.23% 7241.13
ALLSHR	107,837.44 1,028.26M	3.85% 4001.05
KSE30	53,347.67 160.21M	4.70% 2395.68
KMI30	251,510.37 142.71M	4.52% 10876.50
KMIALLSHR	69,173.86 484.44M	3.91% 2601.11
BKTi	51,064.73 51.74M	4.91% 2391.50
OGTi	35,248.42 10.48M	4.59% 1546.17

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	65,000.00	66,075.00 63,875.00	785.00 1.22%
BRENT CRUDE	88.01	93.60 87.55	-8.77 -9.06%
RICHARDS BAY COAL MONTHLY	105.75	0.00 0.00	-1.55 -1.44%
ROTTERDAM COAL MONTHLY	120.00	120.00 120.00	-0.25 -0.21%
USD RBD PALM OLEIN	1,175.00	1,175.00 1,175.00	0.00 0.00%
CRUDE OIL - WTI	82.31	86.20 81.99	-7.00 -7.84%
SUGAR #11 WORLD	14.56	14.75 14.54	-0.21 -1.42%