Intraday: PKR depreciates by 45 paisa

News Image

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

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 8th 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.

Copyright Mettis Link News

Related News

Name Price/Vol %Chg/NChg
KSE100 136,502.54
259.91M
1.64%
2202.77
ALLSHR 85,079.90
838.35M
1.26%
1061.74
KSE30 41,552.62
97.27M
1.81%
738.33
KMI30 193,330.76
84.69M
0.39%
741.60
KMIALLSHR 56,315.31
366.02M
0.43%
243.06
BKTi 38,498.08
37.91M
4.13%
1526.33
OGTi 28,138.38
5.66M
-0.36%
-101.89
Symbol Bid/Ask High/Low
Name Last High/Low Chg/%Chg
BITCOIN FUTURES 120,520.00 123,615.00
118,675.00
1990.00
1.68%
BRENT CRUDE 69.12 71.53
69.05
-1.24
-1.76%
RICHARDS BAY COAL MONTHLY 97.50 0.00
0.00
0.25
0.26%
ROTTERDAM COAL MONTHLY 106.50 106.60
106.50
-2.20
-2.02%
USD RBD PALM OLEIN 998.50 998.50
998.50
0.00
0.00%
CRUDE OIL - WTI 66.86 69.65
66.80
-1.59
-2.32%
SUGAR #11 WORLD 16.31 16.67
16.27
-0.26
-1.57%

Chart of the Day


Latest News
July 14, 2025 at 05:26 PM GMT+05:00

Gold price in Pakistan rises Rs1,600 per tola


July 14, 2025 at 04:59 PM GMT+05:00

Tax reforms focus on public ease, transparency


July 14, 2025 at 04:23 PM GMT+05:00

PSX Closing Bell: Another One Bites the High


July 14, 2025 at 04:06 PM GMT+05:00

PKR falls 25 paisa per USD



Top 5 things to watch in this week

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