PKR hits lifetime-low of 179.25

MG News | March 15, 2022 at 11:00 AM GMT+05:00

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March 15, 2022 (MLN): Making a new low on another day, the Pakistani rupee (PKR) sank to a lifetime low of 179.25 in an intraday trade on Tuesday in the interbank market against US dollar (USD) as growing geopolitical risks due to the Russia-Ukraine war pushed investors to the greenback's safe-haven appeal.

The domestic currency has weakened by 27 paisa (10:59 PST) when compared to the previous day’s close of 178.98 against the greenback.

“Oil is a major factor behind rupee’s fall, though recently price of BRENT eased by nearly 20% as lockdown in several cities in China helped,” Asad Rizvi, Former Treasury Head-Chase Manhattan Bank tweeted.

SCRA outflow of $86 million suggests geopolitical uncertainty that has dented investors’ appetite, he noted.

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KSE100	148,617.78 624.60M	0.86% 1274.27
ALLSHR	91,685.08 1,340.28M	0.74% 669.39
KSE30	45,247.79 197.43M	0.83% 370.74
KMI30	212,370.79 224.51M	1.05% 2209.48
KMIALLSHR	61,227.89 711.87M	1.18% 715.56
BKTi	41,264.02 160.39M	0.54% 221.73
OGTi	30,019.10 23.63M	0.64% 190.41

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	108,265.00	113,390.00 108,020.00	-4475.00 -3.97%
BRENT CRUDE	67.46	67.94 67.29	-0.52 -0.76%
RICHARDS BAY COAL MONTHLY	88.70	88.70 88.70	-0.75 -0.84%
ROTTERDAM COAL MONTHLY	96.15	96.75 96.00	-0.40 -0.41%
USD RBD PALM OLEIN	1,106.50	1,106.50 1,106.50	0.00 0.00%
CRUDE OIL - WTI	64.01	64.55 63.88	-0.59 -0.91%
SUGAR #11 WORLD	16.34	16.52 16.33	-0.14 -0.85%