PKR appreciates by 1.1 rupees over the week

October 29, 2020 (MLN): Pakistani rupee (PKR) appreciated by 36 paisa against US Dollar (USD) in today's interbank session as the currency closed the day's trade at PKR 160.26 per USD, against yesterday's closing of PKR 160.62 per USD.

The rupee traded within a very narrow range of 24 paisa per USD showing an intraday high bid of 160.44 and an intraday Low offer of 160.28.

During the week, the currency has gained 1.11 rupees against the greenback, as the previous week was concluded at PKR 161.37 per USD.

Within the Open Market, PKR was traded at 159.20/161.00 per USD.

Meanwhile, the currency gained 75 paisa against the Pound Sterling as the day's closing quote stood at PKR 208.16 per GBP, while the previous session closed at PKR 208.91 per GBP.

Similarly, PKR's value strengthened by 86 paisa against EUR which closed at PKR 187.96 at the interbank today.

On another note, within the money market, the overnight repo rate towards close of the session was 7.30/7.40 percent, whereas the 1 week rate was 7.07/7.12 percent.

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