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اردو

May 17, 2025 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►

World

Fed rate cut will not significantly impact inflows into India, official says

Reuters Published September 19, 2024

India’s Economic Affairs Secretary Ajay Seth speaks during a news conference at the end of G20 finance ministers’ and Central Bank governors’ meeting on the outskirts of Bengaluru, India. Photo: Reuters

NEW DELHI: The US Federal Reserve’s decision to cut interest rates will not significantly impact inflows into India, the South Asian nation’s Economic Affairs Secretary Ajay Seth said on Thursday.

“It’s a 50 bps cut from high level so I don’t see that making any significant impact on the flows (into India). We have to see how things develop going forward,” Seth told reporters.

South Asian nation Ajay Seth Fed rate cut

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Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / May 16	281.70
USD PKR Interbank Buying / May 16	281.50
USD to Japanese Yen / May 16	145.70
USD to Swiss Franc / May 16	0.84
Pound Sterling to USD / May 16	1.33
Euro to USD / May 16	1.12
UK LIBOR % / May 16	4.96

Stock	Volume
S&P 500 / May 16	5,958.38
India Sensex / May 16	82,330.59
Tokyo Nikkei / May 16	37,753.72
Nasdaq / May 16	19,211.10
Hang Seng / May 16	23,345.05
FTSE 100 / May 16	8,684.56
Dow Jones / May 16	42,654.74
Germany DAX 30 / May 16	23,767.43
France CAC40 / May 16	7,886.69

Item	Value
Crude Oil USD/Barrel / May 16	62.49
Karachi Cotton PKR/37.32 KG / May 16	16,985
Gold 10 Grams PKR / May 16	288,151
Gold Spot USD/Ounce / May 16	3,203.65
Cotton US¢/pound / May 16	64.89
Petrol/Litre / May 17	252.63
Diesel/Litre / May 17	254.64

Gainers
Losers
Leaders

Stock	Price
Equity Modaraba / May 16 First Equity Modaraba(FEM)	3.45 ▲ 0.6 (21.05%)
Pak. P.V.C. / May 16 Pakistan PVC Limited(PPVC)	8.40 ▲ 1 (13.51%)
Dewan Mushtaq / May 16 Dewan Mushtaq Textile Mills Limited(DMTM)	10.83 ▲ 1 (10.17%)
AN Textile Mills / May 16 AN Textile Mills Limited(ANTM)	13.06 ▲ 1.19 (10.03%)
Fast Cables / May 16 Fast Cables Limited(FCL)	24.16 ▲ 2.2 (10.02%)
Sitara Peroxide / May 16 Sitara Peroxide Limited(SPL)	13.73 ▲ 1.25 (10.02%)
Bawany Air Products / May 16 Bawany Air Products Limited(BAPL)	44.17 ▲ 4.02 (10.01%)
Service Textile / May 16 Service Industries Textiles Limited(SERT)	15.27 ▲ 1.39 (10.01%)
Pak Synthetics / May 16 Pakistan Synthetics Limited(PSYL)	62.34 ▲ 5.67 (10.01%)
Punjab Oil / May 16 Punjab Oil Mills Limited(POML)	205.50 ▲ 18.68 (10%)

Stock	Price
Parmount Sp. / May 16 Paramount Spinning Mills Limited(PASM)	3.11 ▼ -0.59 (-15.95%)
B. F. Modaraba / May 16 B.F. Modaraba(BFMOD)	7.86 ▼ -0.87 (-9.97%)
786 Invest Ltd / May 16 786 Investments Limited(786)	7.66 ▼ -0.84 (-9.88%)
Crescent Cotton / May 16 Crescent Cotton Mills Limited(CCM)	48.20 ▼ -5.26 (-9.84%)
Elahi Cotton / May 16 Elahi Cotton Mills Limited(ELCM)	113.52 ▼ -12.32 (-9.79%)
Shams Textile / May 16 Shams Textile Mills Limited(STML)	24.21 ▼ -2.52 (-9.43%)
Popular Islamic / May 16 Popular Islamic Modaraba(PIM)	12.51 ▼ -1.27 (-9.22%)
D.M. Textile / May 16 D.M. Textile Mills Limited(DMTX)	34.63 ▼ -3.47 (-9.11%)
First Elite Cap.Mod / May 16 First Elite Capital Modaraba(FECM)	18.87 ▼ -1.81 (-8.75%)
TPL Life Insur. / May 16 TPL Life Insurance Limited(TPLL)	48.72 ▼ -4.12 (-7.8%)

Stock	Volume
At-Tahur Ltd. / May 16 At-Tahur Limited(PREMA)	44,633,748 ▲ 0.51
Cnergyico PK / May 16 Cnergyico PK Limited(CNERGY)	32,290,577 ▼ -0.17
Lotte Chemical / May 16 Lotte Chemical Pakistan Limited(LOTCHEM)	28,644,102 ▲ 1.29
Pak Refinery / May 16 Pakistan Refinery Limited(PRL)	24,350,324 ▼ -0.39
K-Electric Ltd. / May 16 K-Electric Limited(KEL)	19,518,214 ▼ -0.05
Pak Elektron / May 16 Pak Elektron Limited(PAEL)	18,192,785 ▼ -1.62
WorldCall Telecom / May 16 Worldcall Telecom Limited(WTL)	16,656,452 ▼ -0.02
Fauji Foods Ltd / May 16 Fauji Foods Limited(FFL)	15,918,284 ▲ 0.1
P.T.C.L. / May 16 Pakistan Telecommunication Company Ltd(PTC)	15,675,499 ▲ 0.66
Sui South Gas / May 16 Sui Southern Gas Company Limited(SSGC)	14,771,771 ▼ -1.29