Rupee sinks to another low at 186.13 against dollar
By Erum Zaidi
April 07, 2022
KARACHI: Treasury bills yields rose on Wednesday as ongoing political uncertainty in the country boosted demand for safe-haven assets, analysts said.
Investors are now looking to see what impact the political standoff between the PTI and opposition parties has on the central bank’s future policy decision. The local currency closed at Rs186.13 to the dollar, 0.48 percent weaker from Tuesday’s close of Rs185.23.
The yield on the six-month paper stood at 13.25 percent, up 75bps from the
previous auction held on March 22. The yield on 12-month paper increased 60bps to 13.30 percent.
-
Joshua Jackson Becomes Emotional Remembering Late James Van Der Beek -
Lori Idlout Leaves NDP To Join Liberals, Bringing Mark Carney Closer To Majority Government -
Tragedy: At Least Six Died, Five Injured In Bus Fire In Switzerland -
Heat's Bam Adebayo Makes NBA History With 83-point Night In Win Over Wizards -
Rachel Zegler Finally Breaks Silence On ‘Snow White’ Criticism -
Is Instagram Down? Users Struggle To Send DMs During Widespread Outage Across The US -
Maxx Crosby Trade Drama Unfolds As Ravens Cancel Deal With Raiders Over Medical Concerns -
Oil Relief: IEA Proposes Largest-ever Oil Release From Strategic Reserves, WSJ Reports -
Weather Radar Warning Test Planned As Indiana Conducts Statewide Tornado Drill -
Rihanna Takes Major Action After Gun Attack On Her Home -
Georgia Special Election: Clay Fuller, Shawn Harris Lead Race For Marjorie Taylor Greene Seat -
Flash Flood Warning For Kent And Ottawa Counties After Heavy Rain Causes Flooding -
Tornado Warnings Issued As Severe Weather Moves Through Across Central US -
Sarah Ferguson Knows Everybody Is ‘out To Get Her’ Amid Zurich Stay -
David Beckham Sends Love To 'amazing' Mother-in-law On Special Day -
Meghan Markle Made Netflix ‘unhappy’ During Three Year Partnership