Intraday Report: PKR loses 95 paisa against USD

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MG News | April 18, 2022 at 12:21 PM GMT+05:00

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April 18, 2022 (MLN): While losing its gaining momentum, the Pakistani rupee (PKR) has depreciated by 95 pasia against the US dollar in the intraday trade on Monday on the back of widening fiscal and trade deficit amid rising oil prices. 

The dollar was being quoted at 182.5/ 182.6 (12: 20 PST) when compared to the previous day’s close of 181.55.

 

The real test for the new managers is the economy. The deterioration in the Exchequer balance is primarily driven by sharp increases in imports, Asad Rizvi, the former Treasury Head at Chase Manhattan Bank said.

Rising oil prices and skyrocketing commodities prices are further adding to the woes that need to be checked immediately, he added.

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110.47M 		-0.46%
-802.42
ALLSHR 103,984.02
259.47M 		-0.19%
-194.60
KSE30 51,833.52
40.70M 		-0.64%
-332.81
KMI30 248,997.73
40.18M 		-0.60%
-1498.75
KMIALLSHR 67,688.08
139.00M 		-0.23%
-155.98
BKTi 47,120.88
14.63M 		-0.65%
-309.23
OGTi 36,134.62
2.03M 		-0.69%
-252.34
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Name Last High/Low Chg/%Chg
BITCOIN FUTURES 73,320.00 74,385.00
73,280.00 		-395.00
-0.54%
BRENT CRUDE 93.65 93.69
92.20 		2.53
2.78%
RICHARDS BAY COAL MONTHLY 117.00 0.00
0.00 		0.25
0.21%
ROTTERDAM COAL MONTHLY 130.25 0.00
0.00 		0.00
0.00%
USD RBD PALM OLEIN 1,157.50 1,157.50
1,157.50 		0.00
0.00%
CRUDE OIL - WTI 90.02 90.20
88.45 		2.66
3.04%
SUGAR #11 WORLD 14.07 0.00
0.00 		0.01
0.07%
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