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KARACHI: PKR continued its downward slide on Tuesday against major currencies. It touched 169 against USD in inter-bank market while going below it in open market. It also touched 200 against Euro in open market while going below 46 and 45 against AED and SR respectively.

PKR has been on a downward slide almost since May due to widening current account deficit and rising prices of oil, palm oil and other imported raw materials. Afghanistan situation has also exacerbated the problem since daily inflows of around 4-5 million dollars that used to come from over there have stopped.

INTER-BANK MARKET RATES: In the inter-bank market, Pakistan Rupee lost 90 paisas for both buying and selling against USD over yesterday’s rates closing at 168.90 and 169 respectively.

OPEN MARKET RATES: In the open market, PKR lost 60 paisas for both buying and selling over yesterday’s rates closing at 169.30 and 169.60 respectively.

Against Euro, PKR lost one rupee for both buying and selling closing at 198.50 and 200 respectively.

Against UAE Dirham, PKR lost 15 paisas for both buying and selling closing at 46.40 and 46.60 respectively.

Against Saudi Riyal, PKR lost 20 paisas for both buying and selling closing at 45 and 45.20 respectively.

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Open Bid       Rs 169.30
Open Offer     Rs 169.60
========================

Interbank Closing Rates: Interbank Closing Rates For Dollar on Tuesday

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Bid Rate       Rs 168.90
Offer Rate     Rs 169.00
========================

RUPEE IN ISLAMABAD AND RAWALPINDI: The dollar continued its upward journey against the rupee at the open currency markets of Islamabad and Rawalpindi here on Tuesday.

The dollar opened at Rs169.80(buying) and Rs 169.90(selling) against the last rate of Rs169.10(buying) and Rs 169.20(selling).

It closed at Rs169.80(buying) and Rs 169.90(selling) .

The buying and selling rates of one tola of gold remained Rs. 109,700 (buying) and Rs109,500(selling).

Copyright Business Recorder, 2021

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