Pakistani Rupee holds its ground

MG News | June 20, 2019 at 04:23 PM GMT+05:00

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June 20, 2019 (MLN): Pakistani rupee (PKR) closed today's trading session relatively unchanged against the USD with the rate remaing stable at PKR 156.96

The Rupee endured a rather dull trading session, with the value of the currency trading in a range of 18 paisa per USD showing an intraday high bid of 156.98 and an intraday Low offer of 156.95

Meanwhile, the currency gained 2.5 rupees against the Pound Sterling as the day's closing quote stood at PKR 199.56 per GBP, while the previous session closed at PKR 197.35 per GBP.

On the other hand, PKR's value weakened by 1.5 rupees against EUR which closed at PKR 177.27 at the interbank today.

Within the Open Market, PKR was traded at 156/157.80 per USD.

On another note, within the money market, the overnight repo rate towards close of the session was 12.50/12.75 percent, whereas the 1 week rate was 12.35/12.40 percent.

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