Pakistani Rupee holds its ground

MG News | August 28, 2019 at 04:42 PM GMT+05:00

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August 28, 2019 (MLN): Pakistani rupee (PKR) closed today's trading session relatively unchanged against the USD with the rate remaing stable at PKR 157.29

The rupee endured a relatively dull trading session with very little intraday movement, trading in a range of 37 paisa per USD showing an intraday high bid of 157.57 and an intraday Low offer of 157.25.

Within the Open Market, PKR was traded at 157.00/158.00 per USD.

Alternatively, the currency gained 69 paisa against the Pound Sterling as the day's closing quote stood at PKR 192.02 per GBP, while the previous session closed at PKR 192.71 per GBP.

Similarly, PKR's value strengthened by 32 paisa against EUR which closed at PKR 174.42 at the interbank today.

On another note, within the money market, the overnight repo rate towards close of the session was 12.00/12.50 percent, whereas the 1 week rate was 13.00/13.25 percent.

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