PKR hits lifetime-low of 179.25
MG News | March 15, 2022 at 11:00 AM GMT+05:00
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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| Name | Price/Vol | %Chg/NChg |
|---|---|---|
| KSE100 | 138,412.25 167.69M | 0.32% 447.43 |
| ALLSHR | 85,702.96 423.92M | 0.15% 131.52 |
| KSE30 | 42,254.84 82.09M | 0.43% 180.24 |
| KMI30 | 194,109.59 84.37M | 0.15% 281.36 |
| KMIALLSHR | 56,713.67 217.03M | 0.03% 16.37 |
| BKTi | 37,831.34 13.04M | 1.62% 603.62 |
| OGTi | 27,440.63 3.93M | -0.09% -23.70 |
| Symbol | Bid/Ask | High/Low |
|---|
| Name | Last | High/Low | Chg/%Chg |
|---|---|---|---|
| BITCOIN FUTURES | 118,780.00 | 119,740.00 118,145.00 | 485.00 0.41% |
| BRENT CRUDE | 73.23 | 73.52 71.75 | 0.72 0.99% |
| RICHARDS BAY COAL MONTHLY | 96.50 | 0.00 0.00 | 2.20 2.33% |
| ROTTERDAM COAL MONTHLY | 104.50 | 104.50 104.50 | -0.30 -0.29% |
| USD RBD PALM OLEIN | 998.50 | 998.50 998.50 | 0.00 0.00% |
| CRUDE OIL - WTI | 70.09 | 70.35 68.45 | 0.88 1.27% |
| SUGAR #11 WORLD | 16.46 | 16.58 16.37 | -0.13 -0.78% |
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