PKR trades 24 paisa lower against USD

June 02, 2021 (MLN): Pakistani rupee (PKR) depreciated by 24 paisa against US Dollar (USD) in today's interbank session as the currency closed the day's trade at PKR 154.77 per USD, against yesterday's closing of PKR 154.54 per USD.

The rupee endured a relatively dull trading session with very little intraday movement, trading in a range of 25 paisa per USD, showing an intraday high bid of 154.80 and an intraday Low offer of 154.60.

Within the Open Market, PKR was traded at 154.80/155.30 per USD.

According to the data compiled by Mettis Global, in FY21, the home currency has strengthened by PKR 13.28 or 8.58% against the greenback so far while it appreciated by PKR 5.06 or 3.27% in CY21 with MTD (month to date) position showing a decrease of 0.24%.

Alternatively, the currency gained 42 paisa against the Pound Sterling as the day's closing quote stood at PKR 218.73 per GBP, while the previous session closed at PKR 219.15 per GBP.

Similarly, PKR's value strengthened by 31 paisa against EUR which closed at PKR 188.64 at the interbank today.

On another note, within the money market, the overnight repo rate towards close of the session was 7.20/7.30 percent, whereas the 1 week rate was 6.95/7.05 percent.

Copyright Mettis Link News