Pakistani Rupee holds its ground

MG News | November 05, 2019 at 04:34 PM GMT+05:00

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November 05, 2019 (MLN): Pakistani rupee (PKR) closed today's trading session relatively unchanged against the USD with the rate remaing stable at PKR 155.64

The rupee endured a relatively dull trading session with very little intraday movement, trading in a range of 5 paisa per USD showing an intraday high bid of 155.65 and an intraday Low offer of 155.62.

Within the Open Market, PKR was traded at 155/156 per USD.

Meanwhile, the currency gained 64 paisa against the Pound Sterling as the day's closing quote stood at PKR 200.58 per GBP, while the previous session closed at PKR 201.22 per GBP.

Similarly, PKR's value strengthened by 50 paisa against EUR which closed at PKR 173.19 at the interbank today.

On another note, within the money market, the overnight repo rate towards close of the session was 13.50/13.60 percent, whereas the 1 week rate was 13.35/13.45 percent.

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