Pakistani Rupee holds its ground
MG News | October 24, 2019 at 04:07 PM GMT+05:00
October 24, 2019 (MLN): Pakistani rupee (PKR) closed today's trading session relatively unchanged against the USD with the rate remaing stable at PKR 155.89
The rupee endured a relatively dull trading session with very little intraday movement, trading in a range of 6 paisa per USD showing an intraday high bid of 155.91 and an intraday Low offer of 155.87.
Within the Open Market, PKR was traded at 155.50/156.20 per USD.
Alternatively, the currency lost 51 paisa to the Pound Sterling as the day's closing quote stood at PKR 201.01 per GBP, while the previous session closed at PKR 200.51 per GBP.
Similarly, PKR's value weakened by 15 paisa against EUR which closed at PKR 173.51 at the interbank today.
On another note, within the money market, the overnight repo rate towards close of the session was 12.60/12.90 percent, whereas the 1 week rate was 13.10/13.25 percent.
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