PKR appreciates by 10 paisa at interbank trade

MG News | August 06, 2020 at 04:06 PM GMT+05:00

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August 06, 2020 (MLN): Pakistani rupee (PKR) appreciated by 10 paisa against US Dollar (USD) in today's interbank session as the currency closed the day's trade at PKR 168.13 per USD, against yesterday's closing of PKR 168.23 per USD.

The rupee saw a volatility free session as very little movement was recorded trading in a range of 69 paisa per USD showing an intraday high bid of 168.60 and an intraday Low offer of 168.00.

Within the Open Market, PKR was traded at 168/169 per USD.

Alternatively, the currency lost 1.7 rupees to the Pound Sterling as the day's closing quote stood at PKR 221.55 per GBP, while the previous session closed at PKR 219.85 per GBP.

Similarly, PKR's value weakened by 70 paisa against EUR which closed at PKR 199.36 at the interbank today.

On another note, within the money market, the State Bank of Pakistan (SBP) conducted an Open Market Operation in which it mopped up Rs.20 billion for 1 day at 6.89 percent.

The overnight repo rate towards close of the session was 6.80/7.00 percent, whereas the 1 week rate was 6.95/7.05 percent.

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