PKR continues to take a beat, down by 70 paisa

News Image

MG News | June 07, 2022 at 10:06 AM GMT+05:00

Join our Whatsapp channel
Add Mettisglobal as a Trusted Source on Google Google
0:00

June 07, 2022 (MLN): The Pakistani rupee (PKR) continued taking a beat from the US dollar on Tuesday in early trade as it has lost around 70 paisa compared to 200.06 per USD in the previous session close in the interbank market. 

The rupee was quoted at 200.74/ 201.49 (10:10 PST) against the greenback with trades reported at 200.75 per USD. 

According to experts, the local unit is being pressurized by the delay in the IMF tranche. In addition, the State Bank of Pakistan (SBP) has neither received $2.3 billion from China nor $3bn from Saudi Arabia which is making the scenario worst.

“Yesterday, excessive volatility was witnessed in the market. After losing 1%, PKR made a late recovery. Delay in reaching a staff-level agreement with IMF on the 7th review is hurting”, Asad Rizvi, the former Treasury Head at Chase Manhattan Bank said.

Rumors of restrictions on FCA & RDA further dented the sentiment. Denial should help, he added.

Copyright Mettis Link News

Related News

News
PKR strengthens further vs USD
News
NBP issues foreign exchange rates
News
PKR maintains upward momentum vs USD
Name Price/Vol %Chg/NChg
KSE100 173,962.82
313.69M 		1.30%
2237.52
ALLSHR 104,178.62
550.40M 		0.93%
964.13
KSE30 52,166.33
164.58M 		1.26%
649.19
KMI30 250,496.48
141.11M 		1.59%
3930.77
KMIALLSHR 67,844.06
318.73M 		1.20%
801.29
BKTi 47,430.11
44.68M 		0.28%
130.40
OGTi 36,386.96
9.01M 		0.13%
45.59
Symbol Bid/Ask High/Low
Name Last High/Low Chg/%Chg
BITCOIN FUTURES 73,715.00 73,760.00
73,715.00 		0.00
0.00%
BRENT CRUDE 91.89 92.95
89.93 		-0.81
-0.87%
RICHARDS BAY COAL MONTHLY 117.00 0.00
0.00 		-0.75
-0.64%
ROTTERDAM COAL MONTHLY 130.25 131.75
130.00 		-0.20
-0.15%
USD RBD PALM OLEIN 1,157.50 1,157.50
1,157.50 		0.00
0.00%
CRUDE OIL - WTI 87.76 89.02
86.35 		-1.14
-1.28%
SUGAR #11 WORLD 14.07 14.35
13.90 		0.14
1.01%
Chart of the Day
Latest News
May 30, 2026 at 04:31 PM GMT+05:00

Weekly Market Roundup

May 29, 2026 at 09:44 PM GMT+05:00

SBP reserves rise $66m to $17.15bn

May 29, 2026 at 08:19 PM GMT+05:00

Petrol, HSD prices drop Rs22 per litre

May 29, 2026 at 07:19 PM GMT+05:00

Sindh, World Bank review Karachi water network

Top 5 things to watch in this week
SBP Interventions in Interbank FX Market
Weekly SCRA Balance
Weekly SPI
Foreign Exchange Reserves
Monthly Economic Update & Outlook May, 2026
Previous
Pakistan Stock Movers
Name Last Chg/%Chg
Name Last Chg/%Chg