Intraday: PKR depreciates by 45 paisa

MG News | June 15, 2021 at 11:23 AM GMT+05:00

Add Mettisglobal as a Trusted Source on Google

0:00

June 15, 2021 (MLN): The Pak Rupee lost ground to the dollar in an intraday session, opening weaker and losing further value. It has so far depreciated by 45 paisa since yesterday against the USD at the interbank market.

The dollar was quoted at 156.60/156.70 with trades being reported at 156.65.

The dollar had closed last day at 156.19.

Earlier, on the 8^th of June, Asad Rizvi, Former Treasury Head-Chase Manhattan Bank said via his Twitter handle that PKR lost some of its gloss due to a surge in Real Effective Exchange Rate (REER) & higher oil prices. Based on this, a 2-3% down move is possible by the end of FY21.

“Despite record remittances and FX reserves, PKR lost 2% & if I am calling correctly we could end up around 157-158 by June end. The both-way move is still possible,” he tweeted today.

Related News

Name	Price/Vol	%Chg/NChg
KSE100	177,955.51 511.87M	-1.41% -2546.94
ALLSHR	107,760.09 1,031.65M	-1.33% -1447.05
KSE30	52,861.72 168.23M	-1.67% -899.47
KMI30	250,423.07 172.67M	-1.65% -4194.95
KMIALLSHR	69,064.88 707.35M	-1.58% -1107.48
BKTi	50,927.55 36.18M	-1.64% -850.36
OGTi	35,469.86 14.02M	-2.08% -753.79

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	64,935.00	65,190.00 64,070.00	525.00 0.82%
BRENT CRUDE	91.23	92.00 90.61	0.36 0.40%
RICHARDS BAY COAL MONTHLY	110.00	0.00 0.00	0.50 0.46%
ROTTERDAM COAL MONTHLY	122.70	122.70 122.00	0.45 0.37%
USD RBD PALM OLEIN	1,175.00	1,175.00 1,175.00	0.00 0.00%
CRUDE OIL - WTI	84.18	85.07 83.77	0.44 0.53%
SUGAR #11 WORLD	17.48	17.59 16.89	0.61 3.62%