Intraday Report: PKR loses 95 paisa against USD

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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Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	58,765.00	59,570.00 57,850.00	-135.00 -0.23%
BRENT CRUDE	72.72	73.53 72.72	-0.23 -0.32%
RICHARDS BAY COAL MONTHLY	107.00	0.00 0.00	-0.50 -0.47%
ROTTERDAM COAL MONTHLY	122.00	122.00 121.00	2.90 2.43%
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CRUDE OIL - WTI	69.17	70.19 69.16	-0.33 -0.47%
SUGAR #11 WORLD	15.18	15.21 14.84	0.36 2.43%