Exchange rate movement will help in correcting market imbalances: State Bank

News Image

By MG News | May 16, 2019 at 06:25 PM GMT+05:00

0:00

May 16, 2019 (MLN): The State Bank of Pakistan issued a small statement justifying the depreciation of PKR against the Dollar by 3.62 percent in the market today.

The exchange rate in the Interbank market closed at PKR 146.52 compared to the previous day’s close of PKR 141.40, showing a depreciation of Rs.5.12 per USD.

According to the statement “this movement reflects demand and supply conditions in the foreign exchange market and will help in correcting market imbalances”.

 

Copyright Mettis Link News

Related News

Name Price/Vol %Chg/NChg
KSE100 130,686.66
280.01M
0.26%
342.63
ALLSHR 81,305.25
897.01M
0.35%
281.26
KSE30 39,945.45
114.02M
0.09%
37.19
KMI30 190,698.05
148.61M
0.61%
1163.05
KMIALLSHR 55,074.15
495.43M
0.53%
290.50
BKTi 34,568.40
28.73M
-1.07%
-372.33
OGTi 28,739.35
22.59M
1.57%
443.29
Symbol Bid/Ask High/Low
Name Last High/Low Chg/%Chg
BITCOIN FUTURES 110,215.00 110,525.00
110,155.00
-200.00
-0.18%
BRENT CRUDE 68.75 68.89
68.73
-0.05
-0.07%
RICHARDS BAY COAL MONTHLY 97.50 0.00
0.00
-0.75
-0.76%
ROTTERDAM COAL MONTHLY 108.45 109.80
108.45
-0.55
-0.50%
USD RBD PALM OLEIN 998.50 998.50
998.50
0.00
0.00%
CRUDE OIL - WTI 67.01 67.18
66.99
0.01
0.01%
SUGAR #11 WORLD 16.37 16.40
15.44
0.79
5.07%

Chart of the Day


Latest News
July 03, 2025 at 10:04 PM GMT+05:00

SBP reserves rise around to $13bn


July 03, 2025 at 05:39 PM GMT+05:00

Gold price in Pakistan rises Rs800 per tola


July 03, 2025 at 05:17 PM GMT+05:00

Microsoft exits Pakistan after 25 years


July 03, 2025 at 04:43 PM GMT+05:00

Privatisation Commission approves advisors for ZTBL


July 03, 2025 at 04:11 PM GMT+05:00

PSX Closing Bell: Holding Ground



Top 5 things to watch in this week

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