Dollar hits an all-time new high of 170.96

News Image

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

0:00

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.

Copyright Mettis Link News

 

Related News

Name Price/Vol %Chg/NChg
KSE100 138,412.25
167.69M
0.32%
447.43
ALLSHR 85,702.96
423.92M
0.15%
131.52
KSE30 42,254.84
82.09M
0.43%
180.24
KMI30 194,109.59
84.37M
0.15%
281.36
KMIALLSHR 56,713.67
217.03M
0.03%
16.37
BKTi 37,831.34
13.04M
1.62%
603.62
OGTi 27,440.63
3.93M
-0.09%
-23.70
Symbol Bid/Ask High/Low
Name Last High/Low Chg/%Chg
BITCOIN FUTURES 118,740.00 119,440.00
118,145.00
445.00
0.38%
BRENT CRUDE 72.71 73.17
71.75
0.20
0.28%
RICHARDS BAY COAL MONTHLY 96.50 0.00
0.00
2.20
2.33%
ROTTERDAM COAL MONTHLY 104.50 104.50
104.50
-0.30
-0.29%
USD RBD PALM OLEIN 998.50 998.50
998.50
0.00
0.00%
CRUDE OIL - WTI 69.48 69.79
68.45
0.27
0.39%
SUGAR #11 WORLD 16.44 16.58
16.37
-0.15
-0.90%

Chart of the Day


Latest News
July 30, 2025 at 05:54 PM GMT+05:00

Pakistan BCI decreased by 1.2 points in July


July 30, 2025 at 05:17 PM GMT+05:00

Pakistan consumer confidence falls to 40.1 points in July


July 30, 2025 at 05:03 PM GMT+05:00

PKR rises by 10 paisa against USD


July 30, 2025 at 04:11 PM GMT+05:00

PSX Closing Bell: You Can’t Always Get What You Want



Top 5 things to watch in this week

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