PKR falls by 46 paisa in early trade

MG News | September 15, 2021 at 09:58 AM GMT+05:00

Add Mettisglobal as a Trusted Source on Google

0:00

September 15, 2021(MLN): The Pakistani Rupee (PKR) depreciated by 46 paisa against the US dollar (USD) in early trade on Wednesday on higher demand for the American currency, wrecking the traders' sentiments.

The dollar was being quoted at 169.40/169.60 (09:51 PST) with trades reported at 169.50.

The domestic unit had closed to an all-time low at 168.94 per USD in the previous interbank session.

It is pertinent to note that the previous all-time lowest trade was also reported at 169.50 in March 2020.

“As rupee continues to take the beating and inching up without any respite, we are yet to see the new all-time. Yesterday there was plenty of false calls/claims about PKR hitting a new high was wrong,” Asad Rizvi, Former Treasury Head-Chase Manhattan Bank said via his Twitter handle this morning.

“The big question is: are we going to hit highs this week or not?” he noted.

Related News

Name	Price/Vol	%Chg/NChg
KSE100	179,571.27 436.67M	1.06% 1878.35
ALLSHR	108,600.94 844.23M	1.00% 1073.54
KSE30	53,548.42 162.02M	0.99% 525.53
KMI30	256,725.70 154.74M	0.76% 1936.43
KMIALLSHR	70,620.69 563.61M	0.98% 683.55
BKTi	48,625.03 36.31M	1.37% 658.39
OGTi	37,179.52 8.29M	0.94% 345.85

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	60,175.00	60,895.00 59,790.00	180.00 0.30%
BRENT CRUDE	73.08	75.13 71.38	-2.18 -2.90%
RICHARDS BAY COAL MONTHLY	103.50	0.00 0.00	0.25 0.24%
ROTTERDAM COAL MONTHLY	113.35	114.25 113.00	-0.05 -0.04%
USD RBD PALM OLEIN	1,135.00	1,135.00 1,135.00	0.00 0.00%
CRUDE OIL - WTI	70.24	71.86 68.56	-1.68 -2.34%
SUGAR #11 WORLD	14.55	14.68 14.02	0.45 3.19%