PKR remains stable at 284.96 per USD

News Image

MG News | May 16, 2023 at 05:23 PM GMT+05:00

0:00

May 16, 2023 (MLN): Despite prevailing political and economic uncertainty, the Pakistani rupee (PKR) managed to find stable ground on Tuesday as the currency witnessed no change from the previous closing and ended the session in the interbank market at PKR 284.96 per USD. 

Throughout today’s session, the local unit traded in a band of 1.5 rupees, showing an intraday high bid of 285.4 and a low offer of 284.9 while in the open market, PKR was traded at 295/300 per USD.

Alternatively, the currency lost 1.2 rupees to the Pound Sterling as the day's closing quote stood at PKR 356.97 per GBP, while the previous session closed at PKR 355.77 per GBP.

Similarly, PKR's value weakened by 75 paisa against EUR which closed at PKR 310.48 at the interbank today.

In FYTD, PKR lost 80.11 rupees or 28.12%, while it plummeted by 58.52 rupees or 20.54% against the USD in CYTD. Within the last seven sessions, the local unit moved down by 0.04%, as per data compiled by Mettis Global.

On another note, within the money market, the overnight repo rate towards the close of the session was 20.05%/20.2%, whereas the 1-week rate was 20.45%/20.55%.

Copyright Mettis Link News

Related News

Name Price/Vol %Chg/NChg
KSE100 136,379.97
273.10M
0.32%
440.10
ALLSHR 84,648.35
701.94M
0.06%
47.97
KSE30 41,546.23
70.12M
0.42%
172.55
KMI30 191,719.76
71.30M
0.34%
649.79
KMIALLSHR 55,827.74
371.98M
0.16%
89.67
BKTi 37,827.61
18.93M
-1.72%
-662.14
OGTi 27,670.67
7.41M
-0.42%
-117.47
Symbol Bid/Ask High/Low
Name Last High/Low Chg/%Chg
BITCOIN FUTURES 118,660.00 119,915.00
118,035.00
-970.00
-0.81%
BRENT CRUDE 68.81 69.01
68.74
0.29
0.42%
RICHARDS BAY COAL MONTHLY 96.50 0.00
0.00
1.80
1.90%
ROTTERDAM COAL MONTHLY 104.50 0.00
0.00
-1.05
-0.99%
USD RBD PALM OLEIN 998.50 998.50
998.50
0.00
0.00%
CRUDE OIL - WTI 66.75 66.99
66.58
0.37
0.56%
SUGAR #11 WORLD 16.55 16.67
16.40
-0.01
-0.06%

Chart of the Day


Latest News
July 17, 2025 at 06:31 AM GMT+05:00

MG Morning Breeze: Updates to Skim before Market


July 16, 2025 at 11:00 PM GMT+05:00

SBP raises Rs342bn in PIB Auction


July 16, 2025 at 10:17 PM GMT+05:00

TRG case files stolen en route to Islamabad


July 16, 2025 at 05:45 PM GMT+05:00

PM pushes for digital, International-Standard education


July 16, 2025 at 05:09 PM GMT+05:00

Gold price in Pakistan falls Rs3,000 per tola



Top 5 things to watch in this week

Pakistan Stock Movers
Name Last Chg/%Chg
Name Last Chg/%Chg