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

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

PKR remains flat against USD

PKR inches up against USD

PKR walks a tightrope between stability and slow decline

Name	Price/Vol	%Chg/NChg
KSE100	167,191.38 452.22M	1.01% 1673.87
ALLSHR	99,572.56 854.13M	1.14% 1123.80
KSE30	50,589.37 258.13M	0.84% 420.31
KMI30	242,439.68 214.57M	0.52% 1247.28
KMIALLSHR	65,152.10 464.27M	0.90% 579.98
BKTi	45,989.68 77.65M	1.01% 460.44
OGTi	34,428.33 15.83M	0.36% 122.21

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	73,630.00	73,820.00 71,570.00	1340.00 1.85%
BRENT CRUDE	94.26	98.26 94.20	-1.66 -1.73%
RICHARDS BAY COAL MONTHLY	105.00	0.00 0.00	0.10 0.10%
ROTTERDAM COAL MONTHLY	104.00	105.70 104.00	-2.70 -2.53%
USD RBD PALM OLEIN	1,175.00	1,175.00 1,175.00	0.00 0.00%
CRUDE OIL - WTI	95.63	100.42 95.51	-2.24 -2.29%
SUGAR #11 WORLD	13.76	14.06 13.71	-0.16 -1.15%