Pakistani Rupee holds its ground

MG News | August 20, 2019 at 04:01 PM GMT+05:00

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August 20, 2019 (MLN): Pakistani rupee (PKR) closed today's trading session relatively unchanged against the USD with the rate remaing stable at PKR 158.59

The rupee endured a relatively dull trading session with very little intraday movement, trading in a range of 20 paisa per USD showing an intraday high bid of 158.80 and an intraday Low offer of 158.65.

Within the Open Market, PKR was traded at 158/159.50 per USD.

Meanwhile, the currency gained 51 paisa against the Pound Sterling as the day's closing quote stood at PKR 191.8 per GBP, while the previous session closed at PKR 192.32 per GBP.

Similarly, PKR's value strengthened by 33 paisa against EUR which closed at PKR 175.72 at the interbank today.

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 13.10/13.20 percent.

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