Rupee slides yet again; reaches 122/122.50 in interbank

News Image

By MG News | June 14, 2018 at 11:49 AM GMT+05:00

0:00

Dollar in the interbank market gained another 1.95 percent today as it gained almost Rs. 2.10 reaching Rs. 122/122.50 reaching to an all-time high due to an increase in demand from companies to meet import payment commitments.

According to the word on street, rate was mainly affected by oil payments worth $75 million made by Pakistan State Oil (PSO) and National Refinery Limited (NRL). Oil Companies flocked to exchanges in order to book available dollars for their import payments.

Furthermore, in addition to that the due to the holiday season about to kick in, demand has surged significantly as companies are looking to buy dollar to meet import payment commitments.

Dollar in the interbank market during the week has reached to all time high gaining more than 5.9 percent.

Related News

Name Price/Vol %Chg/NChg
KSE100 133,403.19
324.46M
0.02%
33.04
ALLSHR 83,188.05
1,204.34M
0.13%
106.90
KSE30 40,651.46
104.88M
-0.13%
-53.85
KMI30 192,083.92
123.92M
-0.26%
-496.76
KMIALLSHR 55,847.70
679.22M
0.02%
11.98
BKTi 36,422.88
17.65M
0.29%
105.71
OGTi 28,437.61
10.77M
-0.37%
-105.35
Symbol Bid/Ask High/Low
Name Last High/Low Chg/%Chg
BITCOIN FUTURES 109,060.00 109,545.00
109,010.00
-155.00
-0.14%
BRENT CRUDE 69.96 70.05
69.85
-0.19
-0.27%
RICHARDS BAY COAL MONTHLY 97.50 0.00
0.00
2.05
2.15%
ROTTERDAM COAL MONTHLY 106.65 106.65
106.25
0.50
0.47%
USD RBD PALM OLEIN 998.50 998.50
998.50
0.00
0.00%
CRUDE OIL - WTI 68.12 68.19
67.78
-0.21
-0.31%
SUGAR #11 WORLD 16.15 16.37
16.10
-0.13
-0.80%

Chart of the Day


Latest News
July 09, 2025 at 06:34 AM GMT+05:00

MG Morning Breeze: Updates to Skim before Market


July 08, 2025 at 11:29 PM GMT+05:00

PIA bidders shortlisted, Roosevelt JV gets green light


July 08, 2025 at 05:29 PM GMT+05:00

Money Link Exchange shuts down operations


July 08, 2025 at 04:41 PM GMT+05:00

Gold price in Pakistan rises Rs1,500 per tola



Top 5 things to watch in this week

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