PKR extends gains by 70 paisa in interbank

MG News | November 01, 2021 at 12:53 PM GMT+05:00

0:00

November 1, 2021 (MLN): The upward momentum of the Pakistani Rupee (PKR) continued in the interbank market as the domestic currency kicked off the week on a positive note, appreciating by 70 paisa against the US Dollar (USD) in the intraday trade.

The dollar was quoted 170.95/171.05 (12:49 PST) while the local currency on Friday had closed the trade at 171.65 per USD.

In his early morning Tweet, Asad Rizvi, the former Treasury Head at Chase Manhattan said that there is room for some more PKR recovery.

The traders are keenly looking for a conclusive note from Government and International Monetary Fund (IMF) talks. Commenting on the same, he stated, “As the market waits for IMF press release, it may lose patience if the announcement is delayed this week.”

Copyright Mettis Link News

Related News

Name	Price/Vol	%Chg/NChg
KSE100	152,740.38 147.44M	-1.01% -1551.88
ALLSHR	91,858.47 324.25M	-0.86% -800.10
KSE30	46,223.61 86.89M	-1.45% -681.25
KMI30	219,130.92 66.08M	-1.15% -2553.50
KMIALLSHR	59,625.28 139.61M	-0.93% -562.17
BKTi	42,104.46 39.09M	-2.02% -866.56
OGTi	32,077.87 10.13M	-1.27% -414.19

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	68,235.00	68,960.00 67,460.00	-1985.00 -2.83%
BRENT CRUDE	113.54	114.43 110.22	1.35 1.20%
RICHARDS BAY COAL MONTHLY	99.40	0.00 0.00	-12.60 -11.25%
ROTTERDAM COAL MONTHLY	123.30	123.30 123.30	1.70 1.40%
USD RBD PALM OLEIN	1,083.50	1,083.50 1,083.50	0.00 0.00%
CRUDE OIL - WTI	99.22	101.67 96.75	0.99 1.01%
SUGAR #11 WORLD	15.71	15.75 15.59	0.01 0.06%