AGL 5.27 Decreased By ▼ -0.23 (-4.18%)
ANL 8.45 Decreased By ▼ -0.04 (-0.47%)
AVN 75.82 Increased By ▲ 0.02 (0.03%)
BOP 5.15 Decreased By ▼ -0.09 (-1.72%)
CNERGY 4.41 Decreased By ▼ -0.01 (-0.23%)
EFERT 81.30 Decreased By ▼ -0.33 (-0.4%)
EPCL 49.29 Decreased By ▼ -0.41 (-0.82%)
FCCL 12.40 Decreased By ▼ -0.39 (-3.05%)
FFL 5.51 Increased By ▲ 0.01 (0.18%)
FLYNG 6.82 Increased By ▲ 0.09 (1.34%)
FNEL 4.68 Decreased By ▼ -0.02 (-0.43%)
GGGL 9.27 Increased By ▲ 0.85 (10.1%)
GGL 14.88 Increased By ▲ 0.93 (6.67%)
HUMNL 6.18 Increased By ▲ 0.10 (1.64%)
KEL 2.57 Increased By ▲ 0.01 (0.39%)
LOTCHEM 27.73 Increased By ▲ 0.08 (0.29%)
MLCF 23.57 Decreased By ▼ -0.22 (-0.92%)
OGDC 71.91 Increased By ▲ 0.81 (1.14%)
PAEL 15.13 Increased By ▲ 0.10 (0.67%)
PIBTL 4.83 Decreased By ▼ -0.07 (-1.43%)
PRL 15.66 Decreased By ▼ -0.32 (-2%)
SILK 1.07 Decreased By ▼ -0.03 (-2.73%)
TELE 8.85 Increased By ▲ 0.03 (0.34%)
TPL 7.34 Increased By ▲ 0.26 (3.67%)
TPLP 19.49 Increased By ▲ 0.23 (1.19%)
TREET 21.08 Increased By ▲ 0.23 (1.1%)
TRG 137.25 Increased By ▲ 0.65 (0.48%)
UNITY 16.30 Decreased By ▼ -0.25 (-1.51%)
WAVES 9.35 Increased By ▲ 0.10 (1.08%)
WTL 1.38 Increased By ▲ 0.03 (2.22%)
BR100 4,164 Increased By 6.3 (0.15%)
BR30 15,350 Increased By 10.3 (0.07%)
KSE100 41,698 Increased By 46.7 (0.11%)
KSE30 15,402 Increased By 22.3 (0.15%)
Follow us

KARACHI: PKR started the week by, from the looks of it, resuming its downward movement after halting the slide on Thursday and Friday last week. It went down against USD in both interbank and open markets going below 169 in open market. It however remained unchanged against Euro in open market at 199; just shy of 200 mark while going below 45 against SR. On Monday, SBP Monetary Policy Committee raised key interest rate by 25 basis points bringing it to 7.25% to find a balance between growing current account deficit and economic growth. Theoretically, this raise should have a positive impact on PKR’s downward movement in the coming days.

INTER-BANK MARKET RATES: In the interbank market, Pakistan Rupee lost 55 paisas for both buying and selling against USD over last week’s rates closing at 168.70 and 168.80 respectively.

OPEN MARKET RATES: In the open market, PKR lost 80 paisas for both buying and selling over last week’s rates closing at 169.30 and 169.60 respectively.

Against Euro, PKR remained unchanged for both buying and selling closing at 197.50 and 199 respectively.

Against UAE Dirham, PKR lost 30 paisas for both buying and selling closing at 46.60 and 46.80 respectively.

Against Saudi Riyal, PKR lost 25 paisas for both buying and selling closing at 45 and 45.20 respectively.

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

Interbank Closing Rates: Interbank Closing Rates For Dollar on Monday.

========================
Bid Rate       Rs 168.70
Offer Rate     Rs 168.80
========================

RUPEE IN LAHORE: The Pak rupee depreciated its worth in the process of trading against the greenback in the open currency market on Monday.

Following fresh buyers' interest in the market, the greenback opened on a positive note and kept on rising throughout the trading session. As a result, the greenback closed higher for buying and selling at Rs 169.30 and Rs 170.30 as compared to the previous closing rate of Rs 168.40 and Rs 169.30, respectively, local currency dealers said.

Furthermore, the rupee witnessed volatile trend in relation to the pound sterling and was bought and sold at Rs 231.50 and Rs 233.00 against Friday's closing rate of Rs 231.30 and Rs 233.50, respectively, they added.

RUPEE IN ISLAMABAD AND RAWALPINDI: The dollar gained strength against the rupee at the open currency markets of Islamabad and Rawalpindi here on Monday.

The dollar opened at Rs 170(buying) and Rs170.10(selling) against last rate of Rs169.20(buying) and Rs 169.390(selling).

It closed at Rs 170(buying) and Rs170.10(selling).

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

Copyright Business Recorder, 2021

Comments

Comments are closed.

THE RUPEE: Downward move resumes

Economy: Dar, others take stock of situation

Weekly SPI inflation unchanged on average

Xi calls for oil trade in yuan

Unilateral hike in rates of SEZs’ plots disallowed

FTO orders FBR to release soybean consignments

Russia could cut oil production over West’s ‘stupid’ price cap

Oil rebounds, but still on track for biggest weekly declines

ECs: SBP further tightening data reporting mechanism

Wapda asked to shift troops from Dasu hospital

Matters adjudicated by courts: FBR maintains no data bank