PKR falls to 239 per USD in intraday trade

MG News | July 28, 2022 at 11:36 AM GMT+05:00

Add Mettisglobal as a Trusted Source on Google

0:00

July 28, 2022 (MLN): Extending its losing streak, the Pakistani rupee (PKR) made another historic low at PKR 239 per USD at 11:35 am on Thursday trade as the currency lost around three rupees compared to the previous close of 236.02 per USD.

The local unit was quoted at 239/240.50 in the interbank market while in the open market, PKR is being traded at 239/241.5 per USD.

Zafar Paracha, President of the Exchange Companies Association of Pakistan (ECAP) is of the view that the government is intentionally kept the bullish momentum of the dollar in the interbank market intact as it may be one of the conditionalities of IMF.

In this connection, the latest report surfaced by Business Recorder saying, "Finance Minister Miftah Ismail on Wednesday said that the government interventions in the foreign exchange (forex) market cannot be made to control the rate of the dollar in light of the commitment with IMF."

However, all other regulatory enforcement measures with the banks and currency exchange companies were being ensured, he added.

Copyright Mettis Link News

Related News

Name	Price/Vol	%Chg/NChg
KSE100	165,596.07 264.75M	-0.54% -902.76
ALLSHR	100,017.71 623.24M	-0.46% -463.69
KSE30	49,464.92 86.97M	-0.60% -299.08
KMI30	238,952.40 97.00M	-0.58% -1388.16
KMIALLSHR	65,314.16 323.73M	-0.44% -285.47
BKTi	44,788.98 46.84M	-0.77% -347.65
OGTi	35,107.09 7.04M	-0.41% -145.22

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	79,165.00	81,895.00 78,675.00	-2455.00 -3.01%
BRENT CRUDE	109.47	109.75 106.26	3.75 3.55%
RICHARDS BAY COAL MONTHLY	110.00	0.00 0.00	-2.95 -2.61%
ROTTERDAM COAL MONTHLY	109.00	109.00 108.75	1.25 1.16%
USD RBD PALM OLEIN	1,191.50	1,191.50 1,191.50	0.00 0.00%
CRUDE OIL - WTI	101.16	101.57 97.23	4.24 4.37%
SUGAR #11 WORLD	14.78	15.07 14.67	-0.21 -1.40%