PKR falls by 25 paisa against USD

MG News | January 24, 2022 at 03:59 PM GMT+05:00

0:00

January 24, 2022 (MLN): Pakistani rupee (PKR) could not hold its ground in the interbank market for more than a day and offset its previous gain against the US dollar as the currency closed the trade at 176.49 per USD, depreciating by 25 paisa.

The rupee endured a relatively dull trading session with very little intraday movement, trading in a range of 51 paisa per USD showing an intraday high bid of 176.53 and an intraday low offer of 176.25.

From July’21 to date, the local unit has lost Rs18.94 against the USD. On the other hand, the rupee appreciated by 2 paisa in CY22, with the month-to-date (MTD) position showing an uptick of 0.01%, as per data compiled by Mettis Global.

Alternatively, the currency gained 12 paisa against the Pound Sterling as the day's closing quote stood at PKR 239.14 per GBP, while the previous session closed at PKR 239.26 per GBP.

On the other hand, PKR's value weakened by 23 paisa against EUR which closed at PKR 199.89 at the interbank today.

On another note, within the money market, the overnight repo rate towards close of the session was 10.00/10.15 percent, whereas the 1-week rate was 9.85/9.95 percent.

Copyright Mettis Link News

Related News

Name	Price/Vol	%Chg/NChg
KSE100	153,802.90 142.44M	0.70% 1062.53
ALLSHR	92,446.20 262.29M	0.64% 587.73
KSE30	46,601.60 72.48M	0.82% 377.98
KMI30	221,682.98 68.04M	1.16% 2552.06
KMIALLSHR	60,073.64 148.08M	0.75% 448.35
BKTi	41,982.49 23.92M	-0.29% -121.97
OGTi	32,284.38 9.94M	0.64% 206.51

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	70,980.00	71,490.00 70,145.00	245.00 0.35%
BRENT CRUDE	101.12	104.35 100.51	1.18 1.18%
RICHARDS BAY COAL MONTHLY	99.40	0.00 0.00	-11.50 -10.37%
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	90.07	92.29 88.50	1.94 2.20%
SUGAR #11 WORLD	15.52	15.52 15.46	0.00 0.00%