Pakistani Rupee holds its ground

MG News | January 14, 2020 at 04:17 PM GMT+05:00

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January 14, 2020 (MLN): Pakistani rupee (PKR) closed today's trading session relatively unchanged against the USD with the rate remaing stable at PKR 154.85

The rupee endured a relatively dull trading session with very little intraday movement, trading in a range of 4 paisa per USD showing an intraday high bid of 154.89 and an intraday Low offer of 154.86.

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

Meanwhile, the currency gained 28 paisa against the Pound Sterling as the day's closing quote stood at PKR 200.8 per GBP, while the previous session closed at PKR 201.09 per GBP.

On the other hand, PKR's value weakened by 20 paisa against EUR which closed at PKR 172.42 at the interbank today.

On another note, within the money market, the overnight repo rate towards close of the session was 12.75/12.90 percent, whereas the 1 week rate was 13.15/13.25 percent.

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