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Update 3: PKR hits 213 per USD in intraday trade

Update 3: PKR hits 213 per USD in intraday trade
Update 3: PKR hits 213 per USD in intraday trade
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July 18, 2022 (MLN): Owing to the increase in the political noise due to unexpected results of bye-elections, the Pakistani rupee (PKR) has reached its all-time high of 213 per US dollar, depreciating by 2.05 rupees in the interbank market in intraday trade.

The local unit was quoted in the interbank market at 212.69/213.24 per USD [12:03 PST] with trades being reported at 213 per USD.  

“Dollar is up on the back of political uncertainty and IMF statement of releasing $1.7bn after two to three weeks impacting imminent demand for USD by importers,” Ahsan Mehanti, Director of Arif Habib Group told Mettis. 

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Posted on: 2022-07-18T12:05:32+05:00

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