Exchange rate movement will help in correcting market imbalances: State Bank
MG News | May 16, 2019 at 06:25 PM GMT+05:00
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 | 170,178.79 218.71M | 0.43% 722.40 |
| ALLSHR | 102,956.24 629.46M | 0.47% 477.66 |
| KSE30 | 51,705.66 94.27M | 0.32% 163.97 |
| KMI30 | 244,702.45 79.85M | 0.37% 895.43 |
| KMIALLSHR | 67,179.66 316.03M | 0.48% 320.35 |
| BKTi | 45,514.56 31.20M | 0.27% 121.38 |
| OGTi | 33,560.72 3.41M | -0.44% -149.37 |
| Symbol | Bid/Ask | High/Low |
|---|
| Name | Last | High/Low | Chg/%Chg |
|---|---|---|---|
| BITCOIN FUTURES | 93,005.00 | 93,180.00 92,200.00 | -335.00 -0.36% |
| BRENT CRUDE | 62.14 | 62.15 61.96 | 0.20 0.32% |
| RICHARDS BAY COAL MONTHLY | 91.00 | 0.00 0.00 | 0.05 0.06% |
| ROTTERDAM COAL MONTHLY | 97.40 | 97.40 97.40 | 0.35 0.36% |
| USD RBD PALM OLEIN | 1,016.00 | 1,016.00 1,016.00 | 0.00 0.00% |
| CRUDE OIL - WTI | 58.44 | 58.45 58.27 | 0.19 0.33% |
| SUGAR #11 WORLD | 14.66 | 14.89 14.52 | -0.16 -1.08% |
Chart of the Day
Latest News
Top 5 things to watch in this week
Workers' Remittances
Pakistan Stock Movers
| Name | Last | Chg/%Chg |
|---|
| Name | Last | Chg/%Chg |
|---|
× ![]()