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

PM Shehbaz Inaugurates Mashreq Digital Bank to Boost Pakistan’s Digital Economy

SBP Grants Scheduled Bank Status to Mashreq Bank Pakistan Limited

Banks Prioritize Government Securities as Deposits and Investments Rise

Name	Price/Vol	%Chg/NChg
KSE100	157,953.47 555.47M	1.14% 1775.65
ALLSHR	96,741.22 1,957.60M	1.16% 1110.83
KSE30	48,198.94 249.79M	1.09% 520.47
KMI30	232,694.17 290.89M	1.31% 3011.94
KMIALLSHR	65,027.13 1,019.78M	1.03% 660.37
BKTi	42,489.56 84.10M	1.35% 566.75
OGTi	31,779.36 15.21M	0.14% 43.57

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	117,365.00	118,295.00 116,115.00	1540.00 1.33%
BRENT CRUDE	68.25	68.32 67.34	0.30 0.44%
RICHARDS BAY COAL MONTHLY	84.00	0.00 0.00	-0.40 -0.47%
ROTTERDAM COAL MONTHLY	94.50	94.50 94.50	0.95 1.02%
USD RBD PALM OLEIN	1,106.50	1,106.50 1,106.50	0.00 0.00%
CRUDE OIL - WTI	64.02	64.11 63.11	0.32 0.50%
SUGAR #11 WORLD	16.09	16.27 16.09	-0.18 -1.11%